RMB Bank Accounts for Foreign Companies Trading with China

On a recent trip to Europe, several clients asked me about the possibility of establishing Chinese currency (“RMB”) accounts in Hong Kong and other offshore jurisdiction, to facilitate trade with Chinese customers and suppliers. Since 2009, China has gradually made it...

Purchasing Colonial Religious Property in China

Recently, one of our clients consulted us on the purchase of an old house located in Shanghai. After investigating its ownership, we found that the house was in fact an old colonial property belonging to a catholic group. As a result, we had to advise our client that...

SAIC to Penalize Fraudulent or Unfair Contracts

Foreign companies and their subsidiaries that source from or distribute to businesses or consumers in China are wise to confirm their transactions with Chinese counterparts in a detailed commercial contract. This will not only ensure there is clarity on the rights and...

Winding Up Your Business in China

While China has done relatively well to weather the strong negative trends of the global economic recession, it has certainly not been left unscathed. One consequence which has emerged is a significant increase in the number of foreign invested enterprises pressed...

Legal Concerns of Foreign Companies in China

I have been frequently asked about the major legal concerns that foreign companies in or entering in the Chinese market must deal with. In surveys, foreign businesses operating in China often identify legal issues as among their biggest challenges; while many are...