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
No need to pay your Chinese creditors because they rarely will do anything about it.
One of our oldest and most cherished traditions is to write about China scams at the end of every year. We do this because history shows this is the biggest month for them. Scammers increase their activities at the end of the year, hoping to be less noticed/less examined due to the usual end of
Despite (or in many cases because of) the increasing difficulties foreign companies face in doing business in China, there remains nearly as much interest in China joint ventures as ever. Our China lawyers have also seen a recent uptick in companies needing help with failed and failing joint ventures, which is to be expected as
Women's protection will get a legal boost in China starting on January 1, 2023, when the latest revision of the Law of the People’s Republic of China on the Protection of Women’s Rights and Interests (中华人民共和国妇女权益保障法) goes into effect.
Economist Magazine just came out with an article discussing what companies involved in China are doing these days with China, what they are thinking of doing in the future with China, and what they should do in the future with China. The article is entitled, Multinational firms are finding it hard to let go of
Go to China and get held hostage? Who knew? YOU DID.
PitchBook reports that even though 2022’s dry powder was lower than in either 2020 and 2021, a significant amount of capital has been deployed and remains to be deployed, including in deals involving Chinese companies and assets in China owned by U.S and non-Chinese companies. We know this because we are part of some of
Foreign companies see China as increasingly risky and they are looking to move out or reduce their footprint there.
Sometimes, the answer will be yes, sometimes it will be no, and sometimes it will be something in between. For those for whom the answer is yes, the China they encounter (or continue to encounter) is one that is much changed from that of 2013. But many of the fundamentals remain the same. Keeping your nose clean is no guarantee of a smooth ride, but not keeping your nose clean is pretty much a guarantee of trouble.
