Shanghai Veritas Law Corporation, in association with SBA Stone Forest Corporate Advisory (Shanghai) Co., Ltd. and MAYCHAM CHINA Shanghai, held a seminar on 14 July 2022 at the Liyang Agency Office. The topic of the seminar was Rent Waiver and Lease Termination during the Epidemic, with our attorneys Madam He and Mr Sun acting as the speakers.

     The main contents of the seminar were: on 29 May 2022, the Shanghai Municipal People's Government issued a circular entitled 'Shanghai Action Plan for Accelerating Economic Recovery and Revitalisation' (hereinafter referred to as '50 Articles'), which was formulated from a practical perspective to form 50 initiatives to assist enterprises to alleviate their difficulties and economic recovery and revitalisation. Small and micro enterprises and individual entrepreneurs who rent state-owned housing to engage in production and business activities will be exempted from submitting documents proving that they have been affected by the epidemic, and can be exempted from paying six months of housing rent in 2022. At the same time, the policy encourages owners or management entities of non-state housing such as commercial complexes, business buildings, professional markets, industrial parks and innovation bases to grant a six-month rent waiver to small and micro enterprises and individual entrepreneurs who eventually take up the lease to operate. This seminar revolved around the aforementioned policy. In the seminar, we listed 50 situations where this policy applies and 50 situations where it does not apply.