Urgent Compliance Alert for Foreign-Invested Enterprises in China Attention all foreign investors in China! A recently passed mandate from the Chinese government demands immediate action to update your corporate governance structure and documents. Whether you’re a Wholly Foreign-Owned Enterprise (WFOE) or part of a Chinese Joint Venture Entity, adhering to China’s revised PRC Company Law
United States Corporate Transparency Act (CTA) With the commencement of the new year, the recently implemented Corporate Transparency Act (CTA) is now in full force. In recent years, many so-called “tax haven” countries, to avoid black- or grey-listing by the US Treasury Department, have had to increase their beneficial ownership transparency. The CTA brings the
Recently I spoke with some good friends in the finance space about the global economy, China, and debt capital. One is a vice president and underwriter at a US East Coast private equity firm. The other is the owner of an investment banking firm in the midwestern US. They are steeped in the finance world,
Xi Jinping’s U.S. Visit If you have been paying attention to the headlines, you know that China’s Xi Jinping and US President Joseph Biden are meeting in San Francisco this week. They last met in person a year ago at the G20 Summit in Indonesia. The US and China at national levels have continued to
China Distribution Relationships We have written recently about the trend in China business as companies move away from joint venture relationships toward distributor relationships. This is happening with Chinese manufacturers and their non-Chinese distributors in the distributor’s home market. This is also happening in China with Chinese distributors or representatives and the non-Chinese manufacturers and
China’s Current Business Climate: Questions Answered Because of our vantage point as an international law firm, we frequently get asked questions by boards of established companies, startup founders, regulators, and reporters. Below are some of the questions about China we have received lately. What is the threat level for foreign individuals and companies doing business
The international lawyers at my law firm have been increasingly fielding inquiries from companies looking to diversify their supply chains away from China. Many of these companies are looking to move their China manufacturing to Southeast Asia. To help our clients moving to or already in Southeast Asia, I recently went to Vietnam, Indonesia, and
Chinese nationals face serious restrictions on their ability to buy land in Florida, with the entry into force of SB 264 on July 1 of this year. This new law curbs real estate acquisitions by citizens of seven “countries of concern” (China, Cuba, Iran, North Korea, Russia, Syria, and “the Venezuelan regime of Nicolás Maduro”),
With the wave of news surrounding due diligence company crackdowns in China, with Mintz Group and Bain & Co. as the highest profile targets to date (see here and here), a reporter reached out to inquire how legal practitioners are dealing with this diminished access. She wanted to know whether and how this complicates business
China Representative Offices Is your company considering setting up a Representative Office in China? You will likely find that the process is not as easy as it used to be. In many cases, plans for a Chinese Rep Office result in creating a Wholly Foreign-Owned Enterprise (WFOE), which is one significant step beyond a Rep
