Arbitration has been on the rise in China. Over the past few years, the China International Economic and Trade Arbitration Commission (“CIETAC”) has reported a rapid growth in commercial arbitration cases in China. Many of these arbitrations have involved wholly-foreign owned enterprises (“WFOEs”) engaged in the economic and infrastructural transformation the nation is pushing forward...
In the past, irresponsible industries sought out partnerships with Asian countries in order to avoid environmental regulations. China and its neighboring countries were unwilling “pollution havens” simply by nature of the fact that we did not have the same stringent environmental regulations that became common across North America and Europe over recent decades. As a...
As the 2020 Draft Amendment to the Anti-Monopoly Law makes its way through the state legislative process, this first amendment in a decade will, if passed, be a comprehensive change to the current anti-monopoly regime. The amendment addresses all perspectives of monopolistic practices, including monopoly agreements, abuse of a dominant market position, the concentration of...
China and the United States mutually benefit from their deeply intertwined relationships. The strong economic connection between the U.S. and China creates a natural incentive to keep trans-Pacific operations strong despite the challenges presented by the coronavirus pandemic. China’s COVID-19 Response Proves Effective When coronavirus first hit, the Chinese economy took a massive blow to...
Foreign enterprises often come across a baffling issue when providing technical or consulting services by dispatching employees to its Chinese partners or affiliates. They are mandated to pay enterprise income tax in China even though they establish no physical office there. This practice triggers great concerns about double taxation. Moreover, a foreign enterprise must settle...
Each year, in the US alone, PwC estimates B2B trade shows is a $14.3 billion market, with that figure growing to $16.8 billion in 2021. All of this now is at risk in wake of the Covid 19 crisis and its aftermath. The lingering question is in the Coronavirus era, can trade show organizers protect...
Local businesses, as well as global companies with significant footprints in China, have temporarily suspended their production, logistics, international service, and other aspects of their operations as they grapple with the widespread disruption brought on by the novel coronavirus 2019 (nCOV-19) outbreak that has derailed commerce in China. This has also spurred companies to review...
Towards the end of 2019, novel coronavirus (COVID-19)-infected pneumonia started to break out in the sprawling capital of Central China’s Hubei province, Wuhan. In the weeks that followed, Chinese authorities embarked on a crusade against novel coronavirus, as fears of a widespread epidemic nationwide deepened. The extreme measures that China took to keep a tight...
A large number of electronics and chemical companies, pharmaceutical firms and those from the manufacturing sector are witnessing obstacles in the supply chain due to the outbreak of coronavirus (COVID-19). The situation has pushed the Chinese companies to withdraw from their contractual responsibilities, and more than 4,800 force majeure certificates have been issued as of...