Chinese Company Lawyers
Chinese companies do not use lawyers the way most companies use lawyers. There are many reasons for this and it may eventually change.
The China Supply Chain Nightmare: It Is Time to Panic
Fortune Magazine just came out with an article entitled: "Companies are beginning to panic: Experts say China’s lockdowns will make inflation and the supply chain nightmare even worse." To which my immediate thought was, "beginning"? Smart companies were panicking months ago; today is just the realization of so much of that panic. And do NOT say we did not warn you of all this. But before I turn to proving how our supply chain predictions have become reality, I will extensively summarize and quote from this Fortune article to get you up to speed with the disaster that is today's China supply chain.
China and Web3 Crossover
Since launching our Web3 practice group, we have been getting steady inquiries regarding international business and web3 crossover, including China-affiliated companies. Essentially all web3 technologies are international in nature. But unless you are personally interested and invested in cryptocurrencies or your business is heavily dependent on blockchain technology, it is likely that you are part
Sourcing Product From China Just Got Even Riskier
Sourcing product from China just got even riskier. Theses risks have never been higher and they just keep increasing. The Russian war and COVID in China are the key causes for this increased risk and both are nearly certain to get far worse.
How to Avoid International Scams
Scammers love operating internationally because it makes them more difficult to track and it also makes suing and collecting more complicated as well. They also seem to work better than domestic scams because the person being scammed too often thinks this is just how things are done in foreign country X because they do not actually know how things are done in foreign country X. Crossing borders increases confusion stemming from a lack of knowledge regarding language, culture, and regulation. All this combines to make international scams widely popular. In this post we discuss some of the more common scams and, most importantly, we discuss how to avoid getting scammed.
How to Calculate Your China Risks
As the Chinese government continues to expand its power and get more concerned about its slowing economy and how it is viewed by its citizens, it just keeps getting tougher on foreign businesses that are not 100% abiding by its laws. China is right now in one of its perpetual crackdowns on foreign companies doing business in China. This makes now a good time for foreign companies doing business in China or with China to determine their China risks. The following questions are a good starting point for making that calculation.
Investing in Your Business to Steal your IP
One of the more sophisticated and costly scams we see is what we call the "investing in your business to steal your IP scam." We see this scam maybe 4-5 times a year, mostly before they happen and mostly before the company realizes a scam is about to take place.
Russia’s War Will Impact Your China Business
Russia's war will impact your China business. We live in an interconnected world and what is happening with Ukraine will impact doing business with China. It's just a question of how and by how much. In this post and in its follow-up post, I will discuss how Russia's war against Ukraine is likely to impact doing business in and with China and what you can do to try to minimize that impact.
Biden Extends, Modifies Solar Tariffs – Climate Change v. Fair Trade
Biden's decision to extend solar trade wars and modify tariffs shows climate change is as important as protecting US manufacturers.
Is China Too Big to Fail?
Is China too big to fail? Evergrande’s insolvency shows that state control over China's banking system does not eliminate systemic risk in the Chinese economy.