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accordance accounts Administration apply approval authority arbitration articles of association assets board meeting board of directors breach business licence capital contribution chairman Chinese law Chinese party CIETAC Company Law contract and articles cooperative joint ventures department in charge deputy general manager disputes Economic Contract Law EJV Law Implementing Equity Joint Venture establishment examination and approval export force majeure clause Foreign Economic Contract Foreign Economic Relations foreign exchange foreign investor foreign party guanxi issues joint venture company joint venture contract Joint Venture Law joint venture parties JVC see box Law Implementing Regulations limited liability company liquidation committee MOFTEC obligations party's People's Republic PRC joint venture PRC law preparation and construction procedures Promulgated registered capital Relations and Trade relevant renminbi Republic of China responsible Sino-foreign Equity Joint specific staff and workers stipulated Technology Import Contract technology licence contract technology transfer agreement term termination venture's