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
Why You Should Never Draft Your Own China Contract China Laws and Business Practices: A World Apart China laws and business practices are different from the West. On this there should be no dispute. There should also be no dispute on how it rarely (if ever) makes sense for companies to draft their own China
Earlier last month, the U.S. House of representatives passed a bill that would require ByteDance, the parent company of TikTok, to sell its stake in social media app or see it banned. Behind the move, is the U.S. Government’s concerns that the owner of TikTok’s connections to China poses a national security threat, which if
China Representative Offices With so many companies becoming reluctant to go “all in on China,” our China lawyers are seeing an increase in companies looking to just “dip their toe” into China via a Representative Office. Unfortunately, there are inherent limitations on China Rep Offices, and those limitations mean they seldom make sense for most
China’s Economic Downturn and the Implications for YOUR Business As economic uncertainty roils China, foreign companies operating in or with China face increasing risks. From capital controls to supply chain disruptions to Chinese companies turning against their foreign company partners, businesses worldwide must navigate a more precarious China environment. This article very examines the current
