Archive for January, 2017

Easier Procedures for Company Deregistration in the New Year!

It is known to many people that in China the procedures of enterprises deregistration are complex and time-consuming, we have experienced to take around two years to help one of our clients to close down the company properly. However with a new Guiding Opinion issued by the State Administration of Industry and Commerce (“SAIC”), it [...]

Published by Bonnie Zhang on January 26th, 2017 tagged China News | Comment now »

Common Individual Tax Planning Ideas for Expatriate Employees in China

Along with the rapid development on international service trade and global communication, there are more and more foreign employees working in China based enterprises. How to make an appropriate salary plan for those expatriates becomes one of the most important questions for many of our clients’ companies. The general idea would be reducing the individual [...]

Published by Crys Zheng on January 24th, 2017 tagged China News | Comment now »

Surprising Fact about China Overtime Salary on Public Holidays

Next week brings Chinese New Year, also known as Spring Festival, which is the most important holiday in Chinese cultural tradition. During this holiday, large cities such as Beijing and Shanghai empty, with people going back to small cities and villages across China to spend the holiday with family. The holiday brings 7 official public [...]

Published by Bonnie Zhang on January 19th, 2017 tagged China News | Comment now »

Terminating Yourself as Legal Representative of a China Company

Normally, a Legal Representative for a China company is appointed or removed by an action of the shareholder of the company. But what if a Legal Representative simply wants to leave the role unilaterally? Are there actions the Legal Representative may take to legally terminate the position and its attendant responsibilities? This may be desirable [...]

Published by Jacob Blacklock on January 18th, 2017 tagged China News | Comment now »

Operating a China Trading Company

China’s annual foreign trade data was released on January 13th. The data shows that although international financial markets have been less stable due to international political events, the total value of imported and exported goods in the year of 2016 was RMB 24.33 trillion. The increase through the final quarter of 2016 in particular indicated [...]

Published by Crys Zheng on January 17th, 2017 tagged China News | 1 Comment »

How Cancel an Adoption in China

Many people know that the adopted children and adopters shall meet the specific requirements of the law, such as age, health condition, financial conditions which related to child-rearing. Here, I just want to remind you of the formality issue. Many adoptions were affirmed as invalid because the adoptions were not registered properly in the civil [...]

Published by Myra Kong on January 16th, 2017 tagged China News | Comment now »

Changes to Securing a Property Preservation Order in China Litigation

As a first step to imitating any China Litigation, our China lawyers will seek a property preservation order to freeze known assets of a defendant so they cannot be transferred or hidden. In past practice a Court will not accept such a property preservation application without proof of the specific property information of the other [...]

Published by Bonnie Zhang on January 12th, 2017 tagged China News | Comment now »

Freezing a China Bank Account with a USA Court Order. Good Luck With That

We’ve had some USA companies come to us with a USA judgement ordering an injunction or freeze over a China bank account of a Chinese company the USA client is in a dispute with. When we see these cases, we always have to tell the client we can’t help. The USA court order is useless [...]

Published by Jacob Blacklock on January 11th, 2017 tagged China News | Comment now »

Warning: You May Be a China Legal Representative for a Company You Have Never Heard Of

The firm has had a unique new client inquiry in the past week that I just had to share. The man who approached our firm, no facing official fines from the Administration of Industry and Commerce (AIC) for alleged illegal business operations, insists that he was never involved with the relevant company. However, this man [...]

Published by Crys Zheng on January 10th, 2017 tagged China News | Comment now »

Seven Tips for Drafting A China POA

All China POAs, regardless of whether the matter is simple or complicated, must meet a few basic requirements in order to be effective.
1. The duties delegated by the POA must be within the authority of the principle. Obvious right? You can’t you can’t sign a POA to authorize someone to act on behalf of Alibaba [...]

Published by Myra Kong on January 9th, 2017 tagged China News | Comment now »