Research on Chinese Laws
In China, the fields in which foreign investors can invest are restricted by law, and even in fields open to foreign investment, there may be requirements for prior permissions or approvals by Chinese authorities, prohibitions on offsetting due to foreign currency restrictions, or requirements for notification to Chinese authorities of technical licensing agreements with Chinese companies, for example. These are just a few of the many ways in which Chinese law differs from Japanese law.
Therefore, companies attempting to expand their businesses in China with the assumption that common knowledge based on Japanese law will apply may encounter unexpected circumstances.
Further, following its entry into the WTO in 2001, China has been developing its legal framework at a rapid pace, and laws are enacted and amended with surprising frequency. In conjunction with this, businesses that were conducted in China without any problem may suddenly become illegal under Chinese law following the enactment or amendment of relevant laws.
Services provided by Kuroda Law Offices
After conducting thorough research on the relevant Chinese laws in accordance with our client’s wishes, we can provide information or prepare a legal opinion on the legality of the business that the client plans to conduct in China or the effect that enactments and amendments of relevant laws will have on an existing Chinese business.