The US Importer of Record is liable for antidumping and countervailing duties tied to the product imported. The Importer of Record is the company listed in Block 26 of the U.S. Customs 7501 form. Importer of Record must exercise reasonable care in importing products and in filling out Customs forms Under US Antidumping (AD), Countervailing
My friend Kent Kedl co-wrote an article for the Moscow Times today, entitled, Why Russia Is Just as Good as China, claiming businesses should be just as interested in Russia as they are in China and that corruption in Russia is no better or worse than corruption in China: For some reason, investors find Russian corruption
Our China company formation lawyers spoke with a software company the other day with fifteen "independent contractors" in China they view as "part of the corporate family." This company was looking to form a WFOE in China, but they said they were in no rush. The first thing we did was tell them that what
VIE stands for variable interest entity and they are entities used to allow a company in China to technically be a Chinese domestic company, but be de facto controlled by a foreign-owned entity or entities. VIE structures are usually used to allow foreign companies to get involved in various sectors of China's economy forbidden to
Ever since the New York Times did an article, Wary of China, Companies Head to Cambodia, on companies leaving China for Cambodia, there has been media and play and real life discussions on how "everyone" is leaving China for places like Cambodia or Thailand or Vietnam or Mexico or Indonesia or Taiwan. First, let's look
We have been drafting an increasing number of contracts for foreign companies licensing their concept or technology for use in China. In the old days, this type of licensing was primarily in the industrial sector. These days, much of our work has involved licensing agreements for companies that want to capture China business without having
Danwei ran a story, University Diploma Scandal in Jinan [link no longer exists], on a fake Chinese university. This story is directly relevant for those doing business in China. Let me explain. The story is from the Jinan Times. Jinan is the capital of Shandong Province. I have been there a couple of times and
One of our clients recently asked for our help "making sure" it could get a U.S. visa for one of its China-based Chinese managers. The client wanted this manager to come to the United States for two months of training. Our client had heard from a friend in a similar situation that it was "getting
The following is a guest post by Jonathan Poston. Though learning Chinese is obviously helpful for doing business in or with China, actually accomplishing this can be so difficult that many give up or just ponder whether it is worth it. I asked Jonathan to write a post on the pros and cons of learning
I can understand a great deal about a country by going into a few of its grocery stores and by watching five basketball games with its best players. I have a friend who is a dancer and she says she can understand a country by watching its people dance. I know basketball and I know
