The Legal Differences Between Hong Kong, Macau, and Mainland China Special administrative regions (SARs) like Hong Kong and Macau hold a unique position within China. In some respects, the two SARs are as much a part of China as Beijing and Shanghai. When it comes to most practical purposes, though, they are separate jurisdictions—and companies
China's Amended Company Law Becomes Effective on July 1 China’s amended Company Law takes effect on July 1, 2024. Many companies have not considered the significant revisions that have been made and how they can and will affect companies that are doing business in China. Companies with legacy entities in China that have not reviewed
China's Four Most Common Business Scams and How to Avoid Them Post-COVID, our China lawyers have been seeing more than the usual number of foreign American and European companies coming to us after having been scammed by a Chinese company. In this post, I will explore four common China business scams and provide actionable steps
United States Sanctions New Chinese Companies Yesterday, the United States Treasury initiated sanctions against many Chinese companies and individuals in an effort "to further degrade Russia’s ability to sustain its war machine, continuing a multilateral campaign to limit the Kremlin’s revenue and access to the materiel it needs to prosecute its illegal war against Ukraine."
How to Open a Bank Account in China If you're planning to live, work, or invest in China, opening a bank account is often one of the first essential steps you'll need to take. This guide will walk you through the entire process, from selecting the right bank to understanding key considerations, such as fees,
Legal Compliance for Your China Operations The Chinese market still offers vast potential for many businesses, but navigating its legal environment requires ongoing attention. As Chinese regulations and economic conditions shift, foreign companies benefit from prioritizing legal compliance. Compliance with Chinese law goes beyond simply avoiding penalties. It demonstrates your company's commitment to responsible business
Paying Chinese Companies for Product that Never Arrives Two to three times a week, my law firm will get a query from a company that paid for Chinese product and received absolutely nothing. The below is a good example of what we just keep getting. This is an e-mail (modified to hide any possible identifiers)
China Payment Terms Negotiating payment terms with Chinese companies is one of the trickiest aspects of doing business with China. Vague milestones, unpaid invoices, and last-minute changes are common complaints. This post provides key strategies to ensure your company gets paid in full and on time when working with Chinese companies. Whenever one of our
Balancing Between U.S. and China Regulations Companies that do business in or with both China and the United States must navigate the geopolitical tensions between these two countries The escalating legal and regulatory conflicts between these superpowers have created a challenging "compliance dilemma." In this post I explore the intricacies of this dilemma and what
China's Business Landscape: Cautionary Tales and Key Strategies It is crucial to understand the unique risks and requirements for doing business in or with China. This post explores real-world China scenarios faced by foreign companies, highlighting the importance of due diligence to mitigate risks and ensure success. China's Growing Risks China presents unique challenges for
