China Hearsay has a great post on private equity and investment bankers in China. The post is entitled, “Great Recession Watch — Living With Mendacity in China.” Why am I certain it is a great post? Because I wrote that same post, with that exact same conversation, IN MY HEAD, many times. I am, however,… Continue Reading
Monthly Archives: March 2009
Fake China Joint Ventures. Why You Calling Me, I’m Not The Guy!
Posted in Legal NewsFour in the mornin and they haul Rubin in, Take him to the hospital and they bring him upstairs. The wounded man looks up through his one dyin eye says, whad you bring him in here for? he aint the guy! From the Bob Dylan song, “Hurricane.” Not entirely sure why, but just about every… Continue Reading
The Legal Basics On Starting A China Business. Clinical Testing As Example.
Posted in Legal NewsOne of the many things I love about being a lawyer is learning about various industries. What so happens to lawyers is that we get one client in an industry, and then, through word of mouth, we end up getting a whole slew of others in the same industry. That has happened to us in… Continue Reading
Workshop On China’s Second Tier Cities: Qingdao And Ningbo. Shanghai Westin Bund, March 31.
Posted in EventsChina Law Blog’s own Steve Dickinson and Bill Dodson of the This is China Blog will be sharing the stage at the upcoming Benulux Chamber of Commerce (BenCham) workshop. The workshop is being put on “in cooperation with SwissCham and The JLJ Group” at the Westin Bund in Shanghai on March 31. Steve, who spends… Continue Reading
How To Shut Down Your China Business. Hint: Do Not Emulate The Baltimore Colts.
Posted in Legal NewsJust about whenever I read about some company leaving China in the middle of the night, I think about the Baltimore Colts and this line from “Beware: Do Not Read This Poem”: statistic: the US bureau of missing persons re- ports that in 1968 over 100,000 people disappeared leaving no solid clues nor trace only… Continue Reading
China WFOE. Do It Right Or Your Money Never Leaves.
Posted in Legal NewsWe are programmed to receive. You can checkout any time you like, But you can never leave! China Economics Blog used the term, Hotel California effect (borrowing from a scholarly article), to describe the problems foreigners so often have in getting their money out of China. I love that term (both because it so well… Continue Reading
Ethnic Profiling And China Business
Posted in China BusinessMake no mistake about it, even in these allegedly enlightened times, a whole lot of stereotyping and ethnic profiling goes on in international business. The other day, I was telling an American client how it was time for us to look start seizing assets of a Norwegian company that owed my client a lot of… Continue Reading
Coke’s Failed China Deal. Private Equity Will Live To Do Deals Another Day.
Posted in China BusinessThe South China Post did a story today on China’s having used its antitrust law to block Coke’s purchase of Huiyuan. The article is entitled, “China raises chills as Coke bid bottled up,” and it talks about whether the blocking of this deal will signal the death of foreign private equity investments in China. My… Continue Reading
China Rejects Coke Deal. We Told You All This Long Ago.
Posted in Legal NewsDavid Barboza of the New York Times is out with an excellent article that nicely sums up why China rejected Coca Cola’s bid to purchase Huiyuan. The article is entitled China Blocks Coke Bid for Juice Maker, and it does a great job summarizing the rejection because it quotes China Law Blog’s own Steve Dickinson… Continue Reading
China Company Owe You Money? A “New” Way To Get It.
Posted in Legal NewsMy firm just seized a large sum of money from an Asian company that has owed our client a large sum of money for some time. I cannot describe this case here because it is still ongoing, but it makes for a great example of a little known way to grab money from Chinese companies…. Continue Reading
China Business. Turns Out It Is Easy After All.
Posted in Legal NewsI did a post the other day entitled, “China Business. We Never Said It Would Be Easy” In that post, I talked about how the global (and China’s) economic downturn is accelerating legal problems for foreign businesses. Someone named Tim left the following comment, to which this post is addressed: I think there is a… Continue Reading
Barbie In China Writ Large.
Posted in China BusinessMany years ago, my youngest daughter, now 11, would email the same-aged daughter of a Chinese lawyer with whom I had worked on a couple of cases and with whom I had become friends. What always amazed me about the correspondence (emails sent to my daughter were translated into English by the Chinese lawyer) between… Continue Reading
China Business. We Never Said It Would Be Easy.
Posted in Legal NewsTough times make for tough business and China is certainly no exception. For foreign companies doing business in or with China, We are already seeing increasing problems and/or the likelihood of increasing problems in the following four areas: 1. Intellectual Property. Local software company (not one with which you are likely to be familiar). Tells… Continue Reading
China Law Blog On China Business Show. Tuesday, March 10, At 2:00 pm PST.
Posted in EventsI am going to be interviewed tomorrow by the irrepressible Christine Lu regarding how China law impacts foreign businesses there. The interview will be a part of Christine’s China Business Show. It will start at 2pm PST and go for 30 minutes. Go here to listen. If you cannot listen live, you can always listen… Continue Reading
China. Friend Or Foe? Opportunity Or Challenge? Or, Why Can’t We All Just Get Along?
Posted in China BusinessI got an email today from a client touting his success at sourcing wind energy components from China. My client’s description of this project nicely sets forth why trade with China should not be oversimplified. Speaking of oversimplification, today is also the day before the final episode of this season’s Dr. Drew’s Sober House. And… Continue Reading
China Auto. Who Calls The Shots?
Posted in China BusinessGreat discussion going on in the blogosphere regarding consolidation/globalization of China’s auto industry. I am of the strong view that the issues surrounding China’s auto industry extend well beyond that particular industry as they pull in all sorts of issues, including China’s companies going international, Chinese government involvement in industry, consumer sentiment, and how to… Continue Reading
China Auto. Interview With Chrysler’s Bill Russo
Posted in Recommended ReadingFascinating two part interview with Bill Russo, Chrysler’s “first Regional Vice President in Northeast Asia with over 20 years in the automotive industry”on the new and very promising Aimee Barnes blog. Post is entitled, “Link Up, Learn More: Interview with Bill Russo, Automotive Industry Expert” and part one is found here, with part two here…. Continue Reading
Will Your US Judgment Be Enforced Abroad? Not China, But Maybe.
Posted in Recommended ReadingDomestic US lawyers frequently call my law firm asking us to help them enforce their just received US court judgment overseas. They are seeking to turn the US judgment into a judgment of the country where the defendant is located so they can, in turn, collect the money owed under the judgment. Way too often,… Continue Reading
China Plant Tours. Nine Reasons Why You Must See For Yourself.
Posted in China BusinessChina Sourcing Blog recently did an uber-helpful post, entitled, “China Plant Tours: Why You Have to See for Yourself.” The post calls for visiting the plant from which you will buy product, “before you place an order,” for the following reasons: – It makes sense to meet the people who you will be working with… Continue Reading
China Food Safety: Executions Aren’t Working So Let’s Try New Standards.
Posted in Legal NewsThis past weekend, to great fanfare, the Standing Committee of the National People’s Congress ratified a new Food Safety Law for China. It likely will have little real world impact. China Law Blog’s own Steve Dickinson wrote a Wall Street Journal article on this, entitled, “Food Fumble: China can’t regulate away its safety problems.” According… Continue Reading
China Law: The Podcast Edition.
Posted in Recommended ReadingEarlier this week, I participated in a most interesting podcast on China with Britain’s most famous, most controversial, and most beloved law blogger, Charon QC. I used to always say that if and when I am ever reincarnated, I want to come back as a QC. Now I am thinking I would just settle for… Continue Reading
Volkswagon Doubles Down In China. Should You?
Posted in China BusinessEasy for me to say because I am in a market sector (boutique law firms) which is actually seeing increasing market penetration and growth during and because of the economic downturn, but I think now is the time for foreign businesses to increase or commence their China market presence. And I know I am not… Continue Reading
Why China Will Remain Stable. No Problemo.
Posted in China BusinessThough I studiously (okay, somewhat studiously) try to avoid the big think questions on this blog, I am getting so tired of the media litany that an economic downturn in China essentially guarantees political instability. I am getting tired of it because I vehemently disagree with it. I actually never thought of this until a… Continue Reading
China Law. What’s Insurance Got To Do With It?
Posted in Legal NewsWhen I was learning the law, I was trained to hate insurance. One of my law professors, whom I greatly respected, would say that insurance law is to law as military music is to music. Those who went straight from my law school to insurance companies were invariably in the bottom quartile in class rank…. Continue Reading
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