Tag: China Legal News
Reed Smith launches Global Environmental Sustainability Plan 2024
Plan includes industry-first sustainability billable-hours policy
Data-driven legaltech platform SeedLegals expands into Asia-Pacific to strengthen the flourishing startup ecosystem
Leading UK legaltech platform SeedLegals, today announced the launch of its platform and service in Asia-Pacific. SeedLegals brings their automated legal solutions to Singapore and Hong Kong-based startups and small businesses, enabling them to raise investment, provide ESOP share options to their team and grow their […]
DOJ Deal with Huawei CFO Highlights Tensions Between the Rule of Law and Geopolitical Realities
US Officials Decry China’s Use of Points of Leverage as “Geostrategic Weapons” But China Claims US Employs “Rule of Law” as Front for Transparent Bullying Tactics
Why foreign shareholders should understand the corporate veil in China?
The corporate veil or the corporate personality is a legal term used to describe the separation of the corporate entity from the shareholder for the purpose of litigation. Usually, the court renders the shareholder personally liable for the debts, negligence, or mismanagement of the business, and […]
The Meng/Michaels Conflict and Beyond … Band Aids or Proactive Solutions for Trade Conflicts?
Introduction The protracted saga of the US Justice Department’s extradition request concerning Meng Wanzhou, Huawei’s CFO, is well known.[i] This matter by far exceeds the scope of a normal fraud case – which it formally is, albeit within the framework of US sanctions – and has […]
Why good corporate governance is so important in China?
A major challenge for investors is maintaining proper governance of their Chinese foreign entity to generate a profitable business. Whilst there are significant improvements in the business environment, including regulatory reforms to streamline administrative procedures, investors, especially those residing abroad, face challenges in establishing the proper […]
In conversation with Horizons Corporate Advisory Regional Partner Roberto GILARDINO
Robert Gilardino is Regional Partner with Horizons Corporate Advisory, based in Shanghai. In this interview with Asia Law Portal, Dr. Gilardino explains what makes Horizons unique, the unique challenges he faces in an increasingly competitive legal market, how his previous government experience is leveraged to help […]
A new era in Chinese legislation: paving stronger stance in national sovereignty and interests
Deng Xiaoping initiated the Reform and Opening Up policy and opened the door to the world in 1978. As a result, China’s GDP rose from 367.9 billion yuan in 1978 to 15.45 trillion yuan in 2020 and lifted China from a third-world country to becoming a […]
Does the Meng Wanzhou case involve an abuse of process?
Should Ms. Meng Wanzhou be extradited from Canada to the US? The Canadian court overseeing her case and Canada’s Minister of Justice are responsible for determining this. If an abuse of process by either the requesting or requested state was committed during the extradition proceedings, it […]
Analysis of Legal Issues Involved in the Meng Wanzhou Case
Basic facts of the case On December 1, 2018, Canada arrested Ms. Meng Wanzhou, Huawei’s Chief Financial Officer, in Vancouver at the request of the US. On December 11, 2018, the Supreme Court of British Columbia in Canada ruled on and approved Ms. Meng’s bail application. […]
Do Meng Wanzhou’s acts constitute fraud?
After arresting Ms. Meng Wanzhou at the request of the US, Canada still had to decide whether to extradite her to the US. The core question for consideration behind this decision is: During the meeting with the HSBC executive in 2013, did Ms. Meng misrepresent the […]
The Bill of Attainder Clause in the U.S. Constitution: Origin, Evolution, and Reflection — From Huawei v. U.S.
Since 2018, the United States has leveraged state power and resorted to “legal means” to suppress Chinese company Huawei Technologies Co., Ltd. (hereinafter referred to as “Huawei“), a leading player in high-tech sectors such as 5G. In the legislative branch, the U.S. Congress passed The National […]
Learning From the Huawei CFO Meng Wanzhou Case: What Chinese and Other Non-U.S. Companies and Executives Should Do to Limit Exposure to Criminal Liability in the U.S.
This is the fourth and final installment in this series White collar criminal law experts who regularly represent or advise Chinese companies all agree that the arrest of Huawei CFO Meng Wanzhou was a “wake-up call” for all Chinese companies with global operations. Compliance management is […]
Chance Bridge Partners welcome Robert Lewis as Senior International Consultant and enter strategic alliance with docQbot
We are pleased to announce that Chance Bridge Partners, Alliott Global Alliance (“AGA”) law firm member in Beijing has appointed Robert Lewis as Senior International Consultant. This comes as Chance Bridge also enters into a strategic cooperation agreement with docQbot, the legal technology platform co-founded by […]
The Defense of Huawei CFO Meng Wanzhou: How the Principles of the Rule of Law Extend Fundamental Protections to Non-U.S. Companies and Executives Subject to Extraterritorial Jurisdiction
This is the third in a series When Meng Wanzhou was arrested in Vancouver in December 2018, it attracted global attention. Due to the aggressive assertion of extraterritorial jurisdiction by U.S. prosecutors, Ms. Meng found herself under house arrest in Canada fighting extradition to the U.S. […]
The Case Against Huawei CFO Meng Wanzhou: An Assessment of the Complex Matrix of Extraterritorial Jurisdiction, International Extradition and Global Diplomatic Relations
This is the second in a series Meng Wanzhou, CFO of Huawei and daughter of Huawei founder Ren Zhengfei, is currently in her third year under house arrest in Vancouver, British Columbia, Canada, fighting extradition to the U.S. to face charges of bank fraud relating to […]
Tracing the Origins of the Case Against Huawei CFO Meng Wanzhou: How Global Banks Extend the Reach of U.S. Extraterritorial Jurisdiction, Directly and Indirectly Impacting the Global Expansion of Chinese Companies
This is first in a series On December 1, 2018, then U.S. President Donald Trump was heading to a private dinner with Chinese President Xi Jinping at the G20 summit in Buenos Aires. At the same moment, Canadian officials, acting at the request of the U.S. Justice […]
Ning Zhu appointed to Asia Pacific Regional Committee of Alliott Global Alliance
Ning Zhu, Managing Partner of highly regarded law firm Chance Bridge Partners in China has been appointed to the Asia Pacific Regional Advisory Committee of Alliott Global Alliance, one of the world’s largest international alliances of independent law and accounting firms. Ms. Zhu joins other senior […]
Chance Bridge Partners Becomes Alliott Group’s First Law Firm Member in China
Alliott Group, the world’s sixth largest multidisciplinary alliance of professional services firms, has expanded its reach to China’s legal market. The appointment of Top 25 law firm Chance Bridge Partners in Beijing continues the alliance’s recent growth in the Asia Pacific (APAC) region which has included […]
Lawyers and Accountants from Across APAC Region Gather in Shanghai to Discuss Growth and Collaboration
Lawyers and accountants from 11 countries were represented at Alliott Group’s APAC Regional Conference in Shanghai from 17-18 June 2019 The annual APAC Regional Conference for Alliott Group, an international alliance of 160 independent law and accounting firms in 65 countries, took place at the Mandarin […]
Fast-Growing International Alliance of Law and Accounting Firms to Host Regional Conference in Shanghai
Themed ‘Together Towards Tomorrow’, Alliott Group’s APAC Regional Conference takes place from 17-18 June in Shanghai and will bring together senior and managing partners from some of the Asia Pacific region’s leading local law and accounting firms. Over two days, leaders from Alliott Group’s independent member […]
Top 12 aspects to implement for an Effective Whistle-blower Hotline
A whistle-blower hotline is often a key component of an effective corporate compliance and ethics program. Research reveals that internal employee hotlines facilitate the detection of unethical or unlawful conduct, as tips are the most common detection method for suspected wrongdoing in companies with or without […]
Interview with HFW Shanghai Head on China’s Legal Market
International law firm HFW maintains one of the most significant Asia-Pacific presences for a foreign-headquartered firm – with a total of 7 offices in the region. And not long ago, the firm launched a transactional practice in Shanghai. In this Q&A interview with Asia Law Portal, […]
Latest Employment Trends in Mainland China: More Foreigners May Need to Pay Individual Income Tax in China?
2018 was an eventful year for reform in Chinese employment law, as it seeks to open its labour market to foreigners and residents from Hong Kong, Macau and Taiwan. Some of the changes have significant ramifications to foreign enterprises operating in Mainland China. This article shall […]
Shanghai – A City Guide for Lawyers and Legal Professionals
Shanghai, China’s largest and most populated city is also its largest commercial and financial hub. Also known as as the New York of the east, this dynamic and cosmopolitan city is a bustling hive of activity. The city has had phenomenal growth and development in past […]
Energy Security and Climate Change in East Asia-Trilateral Cooperation towards a Sustainable Future
China, Japan and South Korea are undergoing rapid and comprehensive transformations in developing the intelligent and sustainable use of energy and other natural resources. These changes are driven by new strategies towards energy security and climate change mitigation. Given that future China-Japan-South Korea energy cooperation will […]
China announces plans to further liberalize its’ legal market
China Daily reports today that China “will further open up its services sector by expanding a pilot program for innovative development of trade in services.” The decision was taken yesterday at an executive meeting of China’s State Council, chaired by Premier Li Keqiang. As a result […]
Big4 vs BigLaw in Asia: What makes Deloitte Legal unique?
Competition in legal services in Asia is acute. Among the competitive pressures traditional law firms face in Asia is the drive by Big4 accounting firms to gain legal market share. In this Q&A interview, Asia Law Portal asks Mark Schroeder, Senior Legal Consultant with 勤理 China […]
Hong Kong is emerging as a Belt and Road legal and dealmaking hub
Hong Kong is emerging as a Belt and Road legal and dealmaking hub, as a series of recent reports reflects. ABS-CBN News, for example, has reported that Hong Kong Chief Executive Carrie Lam, speaking last week at the Wharton Global Forum, outlined how the special […]
Big4 accounting firms emerge as Belt and Road thought leaders
Belt and Road growing in size and scope The growing impact and importance of China’s Belt and Road international infrastructure development initiative was on display last week in Beijing as leaders from 28 nations gathered to discuss enhancing cooperation on the initiative. During the Summit […]
Legal Startup ai.Law set to deploy “an army of robotic lawyers” in China
Beijing-based legal startup ai. Law was established on China’s Youth Day, May 4, 2016. To date — the new company has completed its angel round of investment. Ms Kathy Gong Xiaosi, the Founder & CEO of ai. Law is a serial entrepreneur who was also once […]
CONSULEGIS conference: “Doing Business in Asia”, set for Shanghai Oct 20-23, 2016
International law firms network Consulegis will host their next autumn conference in Shanghai, China from October 20th -23rd 2016. The main topic of the CONSULEGIS conference is “Doing Business in Asia”. What better place to host the next conference than China’s fastest-growing city? The meetings, workshops […]
Beijing set to power Asian infrastructure deals
“The Asian Infrastructure Investment Bank (AIIB), the first multilateral financial institution launched by China…opened for business on Jan. 16, as the Asia Times reported. The AIIB’s mandate will be to fund [infrastructure] development both inside and outside of Asia. “From 2010 to 2020, Asian countries will […]
Will US Law Firms Lose Work in Asia over AIIB Opposition?
Some Background The Asian Infrastructure Investment Bank (AIIB) is a new multilateral development lender, whose focus will be on providing financing for infrastructure projects in Asia. Founded by China, the AIIB has been joined as founding members by most regional governments as well as the UK and […]
China’s Second Free Trade Zone to Open Next Week
China’s Second Free Trade Zone will Open Next Week. Below is the text of an interview with Paul Kossof, an Associate at the Beijing office of TransAsia Lawyers, about this new development. John Grimley: There has been substantial interest from foreign investors and companies in Shanghai’s free […]
For international law firms, China alone does not make an Asia Strategy
In February 8, Asia Law Portal’s Twitter feed (@AsiaLawPortal) (managed by this author) – tweeted an announcement from international law firm Norton Rose (@NLegal_Global). That they’d added an Asia section to their Financial Services Regulation Blog. Richard Smith (RWS_01). The Australia-based legal business development professional responded […]
China’s legal market in 2014: An overview
A recent book by this author entitled: A Comprehensive Guide to the Asia-Pacific Legal Markets – provides in-depth analysis of the prime legal markets in the Asia-Pacific region. Among the most important of course, is China. Here are some of the highlights of that analysis: AS […]
“Dynamic forces” seen changing China’s legal market
“Dynamic forces” changing China’s legal market is one highlight of a new book by this author which provides “A Comprehensive Guide to the Asia-Pacific Legal Markets. “ Integral to the book was the participation of the region’s lawyers and legal services sector professionals. They provide commentary […]
Western China’s Financial Centers: Regulations Affecting Foreign Law Firms and Clients
Western China will experience a substantial influx of foreign investment as manufacturers gradually move inland away from the relatively developed and expensive east coast. Foreign goods and services are soon to follow, as Western China’s financial centres such as Chongqing and Chengdu experience increased demand for […]
U.S. Law Firms Facing Competitive Challenges in China
As Yun Kriegler outlined recently in The Lawyer, after spending ten years in Asia, U.S. law firm Vinson & Elkins decided to close its Shanghai office. In July 2013, the Houston-based firm announced that it will shut down its three-partner office to consolidate its China practice […]