China’s Four Most Common Business Scams and How to Avoid Them Post-COVID, our China lawyers have been seeing more than the usual number of foreign American and European companies coming to us after having been scammed by a Chinese company. In this post, I will explore four common China business scams and provide actionable steps
United States Sanctions New Chinese Companies Yesterday, the United States Treasury initiated sanctions against many Chinese companies and individuals in an effort “to further degrade Russia’s ability to sustain its war machine, continuing a multilateral campaign to limit the Kremlin’s revenue and access to the materiel it needs to prosecute its illegal war against Ukraine.”
How to Open a China Bank Account If you’re planning to live, work, or invest in China, opening a bank account is often an essential step. This post will walk you through the basic steps and requirements involved. Selecting the Right China Bank The first step is selecting a bank that fits your needs. Major
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
