Chinese companies in the United States and Mexico

Top Ten Reasons Chinese Companies Fail in America (and Mexico)

Way back in 2010, I wrote Ten Reasons Chinese Companies Fail In The U.S. for Forbes Magazine. My top ten list in that article was as follows: 1. Chinese companies focus on a Chinese consumer, not an American one. 2. Chinese companies fail to realize how one reputation-damaging mistake in the United States can doom

China M&A Deals. Mergers and Acquisitions.

VCs and PEs Hunting for China Deals Still Need an Exit Plan

December was a typically busy transactional month for our China team with the end of the calendar tax year looming. We were brought onto a China acquisition by one of our PE clients mid-month, and we closed before the end of the year. This cyclical frenetic pace of closing deals has caused me to reflect

China lawyers fraud

China Internal Company Frauds

Most of what we write about frauds involving China are about frauds perpetrated by Chinese companies against foreign companies. But as a reader recently emailed me, frauds perpetrated within foreign companies in China “are at least as common and every bit as damaging.” I agree, and today’s post highlights six of the most common internal

Shutting down a China WFOE

How To Close A China WFOE

1. Foreign Companies Are Leaving China Foreign companies are tiring of the difficulties and the risks that come from doing business in China. Not surpisingly, our China lawyers have been getting a ton of questions on how to close a China WFOE. It is difficult and time-consuming to form a WFOE in China. As you

Shutting down your China WFOE

China WFOE Shutdowns: Fast or Legal?

A while back (I am being intentionally vague here to avoid identifying anyone) a U.S. client company contacted our China lawyers about shutting down its China WFOE and/or terminating all of its roughly 47 China employees in one fell swoop. The U.S. company had discovered rampant corruption among its employees and its CEO wanted the

China employment lawyers

China Employee Severance Payments

In late 2017, an old and yet important set of China Employment laws —the Measures for Severance Payment due to Violation or Termination of Employment Contracts — issued by the then-Ministry of Labor back in 1995 was abolished by the PRC Ministry of Human Resources and Social Security. Since our China employment lawyers keep getting

China and Web3

China’s Blockchain Developments and Opportunities

Blockchain technologies are inherently international, and China has had its share of news lately. I have spoken on China and web3 from both business and national security perspectives. These new technologies present challenges and opportunities both inside and outside China. This post focuses on the for-profit blockchain developments and opportunities in China.

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.