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
Cutting Legal Corners in Emerging Markets Introduction It can be tempting to take shortcuts to expedite processes or reduce costs in an emerging market country. But these shortcuts often lead to legal and reputational risks that can have severe consequences for your business. Despite assurances (usually given to you by your local employee/fixer/partner) that your
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
China Representative Offices With so many companies becoming reluctant to go “all in on China,” our China lawyers are seeing an increase in companies looking to just “dip their toe” into China via a Representative Office. Unfortunately, there are inherent limitations on China Rep Offices, and those limitations mean they seldom make sense for most
New AD/CVD Petition: 2,4-Dichlorophenoxyacetic Acid (2,4-D) On March 14, 2024, antidumping (AD) and countervailing duty (CVD) petitions were filed against imports of 2,4-Dichlorophenoxyacetic Acid (2,4-D) from the People’s Republic of China and the Republic of India. The petitions were filed by Corteva Agriscience LLC. 2,4-D is the active ingredient used in a wide variety of
Decoding U.S. Tariff Classifications – A Comprehensive Guide For businesses involved in international trade, effectively navigating U.S. custom regulations can lead to significant cost savings, compliance benefits, and a smoother trade process. A key component of this process is understanding tariff classifications. What is a Tariff Classification? Tariff classification assigns a unique code to every
United States Corporate Transparency Act (CTA) With the commencement of the new year, the recently implemented Corporate Transparency Act (CTA) is now in full force. In recent years, many so-called “tax haven” countries, to avoid black- or grey-listing by the US Treasury Department, have had to increase their beneficial ownership transparency. The CTA brings the
Xi Jinping’s U.S. Visit If you have been paying attention to the headlines, you know that China’s Xi Jinping and US President Joseph Biden are meeting in San Francisco this week. They last met in person a year ago at the G20 Summit in Indonesia. The US and China at national levels have continued to
Understanding Apostilles Apostilles are certificates issued by governments in accordance with the 1961 Apostille Convention, which confirm the authenticity of documents. A document apostilled by Party A is considered authenticated by Party B, without a need to legalize or authenticate the document at a Party B’s embassy or consulate. The Apostille Convention enters into force
China Employment Documents Let’s face it, navigating China’s employment laws and regulations is challenging. From stringent contract requirements to unusual policies on probation periods, vacation time and more, understanding and adhering to China’s local employment practices is pivotal yet complex. This article provides foreign employers an in-depth guide on effectively creating employment documentation in China.
