At the beginning of the article, we set up the following transaction scenario: Your pharmaceutical company has long cooperated with a Japanese medical technology company. The trading habits of both sides are that the Chinese side ships the goods first, and the Japanese company remits the payment abo...
The newly revised Company Law of the People's Republic of China in 2023 (the “new Company Law”) will come into force on July 1, 2024. According to the new Company Law, the registered capital of a limited liability company shall be paid up within five years from the date of establishment of the c...
Vietnam boasts a thriving maritime industry with over 3,000km of coastline and a strategic position in Southeast Asia. The dynamic industrial zones are import-export hubs, propelling the logistics sector forward.Foreign investors, including Chinese investors see the great potential. However, setting...
The lockdown in Shanghai since March 2022 has last for almost 2 months. During the lockdown, almost all companies in Shanghai are in the status of suspension in its operation. Many companies want to understand if they still need to pay the rental for the period of lockdown, and if any chance such re...
Recently, the outbreak and spread of Covid in Shanghai and other cities in China made the epidemic situation serious. Most of the companies are forced to suspend operation due to the government lockdown policy, which has inevitably caused economic losses. In addition, employees of the company are no...
For foreign brand owners, it is undoubtedly a very depressing thing to find that their brands have been taken by others when they enter China market. However, things are often far from that simple. If you look carefully, those stolen trademarks may have been already registered by others far before t...
Due to COVID-19, the production and operation of most companies are affected. Some of them have to suspended business operation. On the other hand, the costs such as rental and salary for the employees remain. Under such circumstances, the pressure for survival increases rapidly.The operation suspen...
Due to the outbreak of COVID-19, the production and operation of most companies were substantially affected. Some companies have been already in operation suspension for a while. While some companies have chosen to allow employees to work from home, and some enterprises have officially resumed work,...
Cooling-off period refers to a period agreed by the franchisor and the franchisee in a Franchise Agreement where the franchisee is allowed to unilaterally terminate the Franchise Agreement with no cause. The purpose of such cooling-off period is to prevent any impulsive investment behavior by the fr...
In business operation, receivables which cannot be collected timely occur frequently. With time lapses, the chance of collection on some receivables becomes very little which finally leads to bad debt.Various reasons which may cause failure in collecting receivables include but not limited to: