In August, in The Top 14 China Wild Cards/Future Risks, we listed what we saw as the top 14 risks for foreign companies that do business in or with China. We first listed what we saw as the top six risks “right now,” and we then listed eight more risks we thought might rise to
Hello Macau, goodbye Hong Kong. This has been the main theme surrounding Chairman Xi Jinping’s visit to Macau to mark the 20th anniversary of the former Portuguese colony’s transfer of sovereignty to China. Besides sending a not-so-subtle message to “bad student” Hong Kong, Xi is “expected to announce new policies aimed at diversifying the casino
There is an old saying how lawyers do well in good times and in bad times; just not when everything stays the same. Times are mostly bad right now with China, and our China lawyers have in 2019 seen and likely will continue to see in 2020 a lot of the following: 1. China is cracking
The US-China Trade War is and will be the new normal. Relations between the EU and China are soomewhat better, but those are quickly getting worse as well. If you are doing business in China or with China you should at least once every day look in a mirror and say this: Relations between
No sooner than President Trump signed the Hong Kong human rights and democracy act into law, China announced retaliatory measures, banning U.S. warships from Hong Kong and restricting the work of American NGOs. These responses were narrowly tailored—perhaps in part because China is wary of rocking the boat too much, in a way that could
Had lunch yesterday with two long-time friends, both international lawyers who have spent many years living and working in China. During a discussion about an international real estate matter on which one of the lawyers was working, someone asked if we remembered back when foreigners were able to freely buy real estate in China. We all
A lawyer’s job is to discern their clients’ risks and help them avoid them. We are both trained and paid to be paranoid. Years ago, when I was in Tokyo on a particularly sensitive international law matter, I left my hotel room as I had done pretty much every day for the last 7-8 days and
Seven years ago, we blogged about how we were getting calls from people who had visited a brothel in China and then were being threatened by alleged police officers seeking money. See also this 2014 piece from the Wall Street Journal: Latest China Scam: I’ve Been Arrested in the Brothel Crackdown! Our post focused on
We Americans do not like foreign governments or their agents meddling in our domestic affairs, whether it is China, Russia, Iran, Syria, or some less reprehensible regime. We do not even like friendly foreign governments meddling in our affairs. I am not talking about traditional CIA/007 spies or agents who operate in the shadows, mainly
This blog has not minced words when it comes to describing the grim situation in Hong Kong, which, as one of my former colleagues at the State Department puts it, “will get worse before it doesn’t get better.” Signs of Hong Kong’s demise as an international business center are plentiful. The city is in recession.
