Sinosure is broken

Sinosure and Deliberately Bringing China Down, Factory by Factory

About six months ago, in Deliberately Bringing China Down, Factory by Factory, I wrote about a couple of Americans who were buying product on credit from Chinese factories, with no intention of ever making the required second payment: The “this” to which I am referring is an underground (I say underground because I have never

Stop sign no deal

Why China Deals Do NOT Get Done

We have put the kibosh on many China-related deals, and that is what this post is about, especially in this environment with financially distressed companies popping up all around thanks to the trade war and Covid. For ease of explanation and to camouflage the identities of those involved, I have amalgamated a bunch of them into one. This scenario is incredibly typical, including the retirement of the owner precipitating the need for the deal.

China company chop/seal

The Chinese Company Chop Goes Digital

A China company chop is an official seal or stamp that legally binds the company to what it has agreed to in the document on which its company chop has been stamped. Under Chinese law, a company chop is strong legal evidence of the agreement of the company whose chop is on the document. The company chop (a.k.a company seal or company stamp) essentially replaces a signature on contracts and other important documents. The company chop binds the entire company, usually no matter who (if anyone) actually puts their signature on the document.

China Employee Problem

China Employee Problems Rising

China employee problems are increasing. We explain how to prevent such problems from occuring and how to nip them in the bud when they do.

International Manufacturing Lawyers

How to Calculate Your China Risks

As the Chinese government continues to expand its power and get more concerned about its slowing economy and how it is viewed by its citizens, it just keeps getting tougher on foreign businesses that are not 100% abiding by its laws. China is right now in one of its perpetual crackdowns on foreign companies doing business in China. This makes now a good time for foreign companies doing business in China or with China to determine their China risks. The following questions are a good starting point for making that calculation.

Chinese Free Look Schemes to Steal your IP

Chinese Free Look Schemes to Steal your IP

Last week, I wrote about how Chinese companies use fake investment scams to trick foreign companies into turning over their IP. This post goes into additional detail regarding the China fake investment scam, but it also goes beyond it to ecompass the various IP theft scams our China lawyers have been seeing in the last couple of years.

worthless China contracts

Is Your China Contract Worthless?

Pretty much every week, at least one of our China lawyers will -- after a five minute review -- have to tell a potential client their contract is worthless. We see all kinds of worthless contracts. NDA and NNN Agreements, Manufacturing Agreements, Licensing Agreements, Distribution Agreements, Product Development Agreements, Employment Agreements. It goes on and on. And as tempted as I am to ask why these companies would think a US law contract that calls for disputes to be resolved in Boston or Des Moines would make sense in China, I always refrain from doing so, and I have seen some doozies, including the following:

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