A legacy transfer agreement (ETA) for use by a foreign investor in a Sino-foreign joint venture (JV) to transfer its shareholding to a foreign party related to the foreign investor. (For a Word version of this standard document in Chinese, click Standard document, Equity transfer agreement (from a foreign JV party to a foreign party related to the JV party): China (Chinese language version).)

With China's Foreign Investment Law (FIL) entering into force on1 January 2020, the transfer of a JV's shares is governed by China's Company Law 2018, which provides a more flexible transfer mechanism compared to the requirements under the three FIE laws and their subordinate legislation.

Practical Law China is working on a specimen ETA that is aligned with the regimes of China's Company Law and FIL.