Changing Your China Company’s Legal Representative Is your company planning to change its legal representative in China? Whether you’re undergoing a corporate restructuring, preparing for a WFOE shutdown, or simply managing a leadership transition, changing a legal representative in a Chinese company is a significant and often complex decision. It requires careful planning and attention
The U.S. Outbound Investment Final Rule: What It Means for American Business Executive Summary Effective Date: January 2, 2025 Key Impact: Restricts U.S. investments in Chinese tech sectors Affected Industries: Semiconductors, quantum computing, AI Penalties: Up to $368,136 or 2x transaction value Required Action: New compliance programs by January 2025 On October 28, 2024, the
A Lesson for Lawyers and Clients in International Contracts I have never handled a DUI (driving under the influence), a divorce, or drafted a will—not even for friends or family. I have never negotiated with a union, drafted a pension plan, or handled a bankruptcy. I could go on listing legal matters I’ve never handled
Beware the Online China NNN Agreement Your Intellectual Property Is at Risk with Online China NNN Agreements. In China Contract Drafting Scams: From Bad to Much Worse, I wrote about fake Chinese lawyers and Chinese lawyers who American and European companies would hire and pay, only to have them take money from the Chinese company
As lawyers, we spend a lot of time fielding good, bad, weird, interesting, deep, superficial, and all types of other questions from people. We’re generally expected to be oracle-level wizards, a lot like people are treating AI now. In this series, we’ll share some of these questions that people ask us, along with our answers.
No More DIY Law, Please Have you ever made a major business or life decision based on advice from a friend, a blog, or a DIY guide, only to find out later that it was flawed? Last week provided me with three compelling examples of why lawyers are indispensable in making any legal decisions. In this
What Currency Should I Use in My China Contract? As lawyers, we spend a lot of time fielding good, bad, weird, interesting, deep, superficial, and all types of other questions from people. We’re generally expected to be oracle-level wizards, a lot like people are treating AI now. In this series, we’ll share some of these
Foreign Related Rule of Law Foreign-related rule of law (涉外法治) is a relatively new buzz phrase that has been making the rounds in China’s policy circles, with even Xi Jinping himself getting in on the action. Like other language coined by Chinese officialdom, the phrase is somewhat vague. At its core, this initiative aims to
Are Contracts Really Enforceable in China? As lawyers, we spend a lot of time fielding good, bad, weird, interesting, deep, superficial, and all types of other questions from people. We’re generally expected to be oracle-level wizards, a lot like people are treating AI now. In this series, we’ll share some of these questions that people
China’s Revised Company Law Yet More Challenges for Foreign Investors China’s revised Company Law, implemented on July 1, 2024, marks a significant shift towards a more regulated and transparent corporate environment for all Chinese registered companies — foreign and domestic. Though Chinese domestic companies must adjust, the impact — not surprisingly — will be particularly
