Supreme People's Court Interpretation on General Provisions of the Contract Part of the PRC Civil Code Released

On 5 December 2023, the Supreme People's Court of the People’s Republic of China promulgated its Interpretation on Several Issues Concerning the Application of the General Provisions of the Contract Part of the Civil Code of the PRC (the “Interpretation”). The Interpretation entered into effect at the same day of its promulgation, i.e. on 5 December 2023.

The Contract Part is one of the core parts, if not the most important part, of the PRC Civil Code. Contracts are relevant for and used in basically all kinds of business transactions and fields of law, and are, therefore, of paramount importance for all kinds of business operations as well as the economy and society as a whole. The Interpretation provides a detailed and comprehensive guidance and interpretation on various topics and important issues related to the General Provisions of the Contract Part of the PRC Civil Code.

Please download the full version in PDF to see our newsletter with an overview of the Interpretation.