Get to know some procedures for liquidating your company
As an investor or shareholder of a WFOE in China, when you decide to end up your business, you should take steps according to certain rules and regulations to wind up your WFOE. First of all, check the Company Law and your Articles of Association, and you may have to prepare a Shareholder’s Resolution accordingly …
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Buying from China: No, It’s Not Fair.
We get a lot of inquiries for our China Lawyers about product quality issues. Typically these are not for a lot of money, anywhere from less than a hundred USD to about $100,000. For the lower value complaints the situation is normally a purchase of shoes, a dress, or something like hair extensions from an …
China Trademarks: Use it or Lose it
We get a lot of foreign clients seeking to register their Trademarks in China, only find those marks, or something similar have already been registered by a Chinese company. Sometimes this is a Chinese company the client had done business with in the past. When client’s ask what to do, we advise an examination of …
What should be taken into consideration when you rent an office for your new company?
Article 7 of the Company Law states that the business licence shall include the information of domicile.” Having a domicile is regarded as one of the prerequisite for establishing a company in China. During the course of the establishment registration before administration for industry and commerce, the authority needs to verify the ownership certificate and …
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China Contracts: 101
When are clients are doing business with a Chinese company, the first thing we recommend is to whether the company is really a legally registered company. This should be done first, before entering into a written agreement, or even negotiations. In accordance with the Company Law of the People’s Republic of China, a company must …
China Opens up to Foreign Investment Firms
To the perennial regret of foreign investment funds and managers, market entry for foreign companies and individuals in this sector has always been restricted. Official guidelines in China limit foreign ownership in such securities investment funds to no more than 49%. Things changed on June 30, 2016 with the issuance of a new document from …
Be careful with the service of your legal instruments!
Our law firm has many corporate clients, and they are all masters in different industries. As you may know that the one doing business in China may have to either go through administrative procedures to at least be qualified to start or continue operation in certain areas or complete certain judicial proceedings to safeguard their …
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Leaving China: Not So Fast
A long time client came to us asking for help shutting down a long time auto parts manufacturing company in China. The factor was currently employing about 60 workers, but business had been slowing and the corporate headquarters made the decision to close that operation. Naturally the USA headquarters was hoping this could be completed …
Only One Chance for Filing a Case
Recently, I have been researching a potential client’s case whose issue is how can file the case again. Simply speaking, it is a case about a will, many inheritors and large amount of heritage. Its background is complicated and a maritime lawsuit against Japanese government regarding a ship-chartering contract during the Second World War is …