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China Law for Business

Call me weird, but I have always been fascinated by the pricing of goods and, in particular, price elasticity. The following two examples have always fascinated me:

1. My old law firm represented a surgeon whose income fell in one year from around $450,000 to around $40,000 after an industry-wide change in insurance reimbursement. The industry talked of how this change might lead to a tiny decline in surgeon income, but, clearly, the tiny decline was not across the board.
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This post is part 3 of a three part series by Robert Walsh, the founder of Samsara Biopharma Consulting, and his colleagues, Jennie Shi, Wendy Zheng, and Zhou Tong. It is a follow up to "The Basics on China Pharma" and "The Basics On China Pharma, Part 2: Getting Into China The Slow Hard Way." Here we go:
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I have had the blog iLook China on my blogroll for the last few months and I have to say that I only read its frequent postings maybe half the time.

It is often too intellectual, too historical, too tangential, and, most importantly, too pro-China for me. But it just occurred to me that I was not being fair in not listing it on our blogroll. It is a thoughtful blog with an oftentimes original take on China issues and my sometimes disagreeing with it is not a good reason not to have it on our blogroll.
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On Wednesday, September 8, 2010, The China Business Network will be putting on a China Event at the Cira Center in Philadelphia, entitled, "Put China in Your Business Future." It is shaping up as a great event, and I urge you all to attend. I am going to be on one of the panels so if you are interested in going and wish a discount, please email me.  

The day is going to begin with CEO panels on China Health/Biotech and China Clean Tech/Green Tech.
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I had an article published by the Wall Street Journal on how Chinese companies are mishandling their overseas legal matters. The article is entitled, "Chinese Companies Court Disaster: Doing business in America means also learning how to navigate the U.S. legal system." I believe it requires a subscription to the Wall Street Journal, but I also think that you can email it to yourself and then view the entire article that way.  
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This post was written by Stephanie Henry, a Harris & Moure legal assistant.

In a Harvard Business Review blog post, entitled, China’s In-Store Wars, Max Magni and Yuval Atsmon contend that to win over the Chinese consumer, you need to get in on the ground floor – literally:
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Beijinger Magazine recently did a really nice article on our blog,entitled, "Blogging the Law." The article is mostly an interview with me and it nicely distills the basics for doing business in China.

On the business side, it first addresses China's current climate for foreign businesses: 

How would you describe the government's present attitude towards foreign investment?
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The following is an amalgamation of a number (maybe 5 or 6) of conversations I have had over the years with people wanting to register a WFOE (Wholly Foreign Owned Entity) in China fast:

Potential Client: Can you help me register a WFOE in China.

Me: Yes. Not a problem. Do you have a lease yet? Do you know that a legitimate lease is required for the approval of a WFOE?

Potential Client: I know that but we are in a real hurry here.

Me:  Okay. But do you have a lease.
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The Dragon Business Network Blog did a post, entitled, "7 Tips for Business Travel to China." Believing both that one was missing and that eight is a lucky number, I added one more.  

Here are the original seven:
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Excellent post by Rich Brubaker of the All Roads Lead to China blog on his discussion with Neal Beatty entitled, "Identifying, Measuring, and Taking Action on the Risks of China." It is the kind of post every company doing business in or even with China should read.  

The post sets out an amazingly comprehensive (yet blissfully concise) list of risks businesses face in China:
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