China’s Amended Company Law Becomes Effective on July 1 China’s amended Company Law takes effect on July 1, 2024. Many companies have not considered the significant revisions that have been made and how they can and will affect companies that are doing business in China. Companies with legacy entities in China that have not reviewed
China’s Four Most Common Business Scams and How to Avoid Them Post-COVID, our China lawyers have been seeing more than the usual number of foreign American and European companies coming to us after having been scammed by a Chinese company. In this post, I will explore four common China business scams and provide actionable steps
A Growing Trend with Political and Discriminatory Undercurrents More than two-thirds of U.S. states have either enacted or are considering laws limiting foreign ownership of land. Though these restrictions often encompass multiple countries deemed hostile to U.S. interests, China is almost invariably the primary target. Proponents of land purchase restrictions argue that the federal government
China-Specific Employee Rules and Regulations are Key A strong foundation in employee relations protects both your business and your workforce. It minimizes misunderstandings, reduces legal risks, and promotes trust and loyalty among your employees. This, in turn, leads to a more engaged and productive work environment. One key element of compliant employee relations is having
United States Sanctions New Chinese Companies Yesterday, the United States Treasury initiated sanctions against many Chinese companies and individuals in an effort “to further degrade Russia’s ability to sustain its war machine, continuing a multilateral campaign to limit the Kremlin’s revenue and access to the materiel it needs to prosecute its illegal war against Ukraine.”
China Intellectual Property Protections If you are doing business in or with China (and this includes having your products made in China), you need to safeguard your intellectual property (IP) rights there. Intellectual property encompasses intangible creations such as trademarks, copyrights, patents, and trade secrets. Trademarks: These are recognizable symbols, phrases, or logos that identify
When companies come to my law firm to protect their brand names from Chinese copycats, our international trademark lawyers typically tell them that applying for such a trademark takes about a week, but actually getting the trademark takes about ten months. We then tell them that until they get their Chinese trademark, they will be
Cutting Legal Corners in Emerging Markets Introduction It can be tempting to take shortcuts to expedite processes or reduce costs in an emerging market country. But these shortcuts often lead to legal and reputational risks that can have severe consequences for your business. Despite assurances (usually given to you by your local employee/fixer/partner) that your
How to Open a Bank Account in China If you’re planning to live, work, or invest in China, opening a bank account is often one of the first essential steps you’ll need to take. This guide will walk you through the entire process, from selecting the right bank to understanding key considerations, such as fees,
Closing Down Your China WFOE Thinking of pulling the plug on your WFOE? For many foreign companies, the initial excitement of doing business in China has given way to the complexities of navigating complex and ever-growing regulations and a faltering economy. If you’ve decided it’s time to close your WFOE, don’t make the costly mistake
