The Update on the TikTok Ban In The Ticking Clock to a TikTok Stop, I discussed the TikTok ban bill then under consideration in the United States Congress. The bill aimed to address concerns over national security and data privacy, stemming from TikTok's ownership by ByteDance, a Chinese company. Fast forward to today, and the bill
Navigating the Nuances When Working with Foreign Companies and Legal Professionals Way back in 2009, I wrote a blog post on the challenges and cultural differences I encountered while working with lawyers in Asia. At that time, my observations were primarily based on representing American companies entering Asian markets. Since then, this one post has
Chinese Investment in Your 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
China Transaction Due Diligence My law firm’s international lawyers do a significant amount of transactional work, which we call “happy law.” It’s generally happy because the buyer and seller largely know what they want from the other side, and they have already agreed in principle on what the deal will look like. Both sides bring
As lawyers, we field a wide range of questions—from the straightforward to the deeply complex. We're often expected to be oracle-level wizards, much like how people now view AI. In this "Quick Question Tuesday series, we’ll share some of these intriguing questions along with our answers. For longtime China Law Blog readers, this “Quick Question
Mexico's Business Future Under President Sheinbaum Mexico has ushered in a new era with the inauguration of Claudia Sheinbaum as the country's first female president. I am optimistic about Mexico's prospects for continued economic growth and increased foreign investment under President Sheinbaum. My clients keep asking what they should expect from her presidency. In this
Doing Business Overseas We international lawyers often get inquiries from companies eager to establish a subsidiary or other entity abroad. This is one of the most exciting but daunting prospects for a company more accustomed to domestic laws, regulations, financiers, and business partners. In this post, I will briefly look at the key things to
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
A Growing Trend with Political and Discriminatory Undercurrents More than two-thirds of U.S. states have either enacted or are considering laws limiting foreign ownership of land. Though these restrictions often encompass multiple countries deemed hostile to U.S. interests, China is almost invariably the primary target. Proponents of land purchase restrictions argue that the federal government
Closing Down Your China WFOE Thinking of pulling the plug on your WFOE? For many foreign companies, the initial excitement of doing business in China has given way to the complexities of navigating complex and ever-growing regulations and a faltering economy. If you've decided it's time to close your WFOE, don't make the costly mistake
