The practice of law in the People’s Republic of China can be a challenge for any attorney working on behalf of companies doing business with the Chinese.
China, now the world’s third-largest economy and the recipient of more foreign investment each year than any other country, can be a bit intimidating. Its business laws and the practice of deal-making have long been a source of confusion or mystery.
But it doesn’t have to be that way.
I recently talked with Owen D. Nee Jr., of counsel with Jones Day, for a Westcast podcast (Listen to the audio).
Nee told me the failure of many joint ventures is linked to basic misunderstandings of the deal-making process, which too often occur because the investor or its counsel fail to study the applicable legal ground rules.
Nee wrote the new Shareholder Agreements and Joint Ventures in China from West, and co-authored Mergers and Acquisitions in China with Jingzhou Tao, partner at Jones Day.
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