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China Business Law Journal – October 2024

Volume 15, Issue 9

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Highlights:

Value of professionalism

In this era of economic uncertainty, professionalism has become the winning formula for companies navigating challenges. As we head towards 2025, the global economy remains precarious. While quantifying the legal risks faced by Chinese companies domestically and internationally is quite the impossible mission, it is clear these risks can significantly impact operations and strategic decisions.

Rising litigation, a newly revised Company Law, increasingly stringent cross-border data transfer regulations and a volatile international trade environment all reflect a single truth: using professional expertise to resolve business challenges is not merely a skill, but a means of survival.

In our cover story, New major player, we explore how the legal profession supports Chinese companies pursuing outbound investments despite geopolitical resistance and the risks of diverse international markets. Facing complex global political regimes and transaction disputes, specialists from various law firms and arbitration centres revealed how businesses can seize opportunities in uncertainty.

More than ever, businesses require professional and reliable teams that can help develop effective strategies, and identify and mitigate potential losses in a complex legal and market environment.

China Business Law Journal hosted the CBLJ Forum with the theme of “seizing emerging opportunity, managing global risk”. Held at the Grand Hyatt Shanghai on 1 November, the full-day event gathered more than 500 Chinese and international business executives and in-house counsel from about 300 enterprises. Insights of 90-plus speakers across 13 panel sessions are recorded in Shelter from the rain, focusing on strategic advice and cutting-edge case studies.

This event served not only as a legal gathering but also as a redefinition of professional value. The inaugural In-house Impact Awards, launched at the forum, shone a spotlight on legal practitioners who have often worked behind the scenes.

Awards were presented to 46 exemplary corporate projects, alongside sub-awards emphasising the value of in-house counsel to both companies and the broader market.

However, navigating challenges is often too daunting for law firms alone, making the support of external lawyers essential – like adding experienced extra hands to a ship’s crew in a storm.

This year, 100 lawyers practising PRC law, and 80 practising in international law firms or overseas, were selected as A-List: Visionaries.

These individuals are leaders in their fields and possess keen industry insights, driving innovation within their firms and actively engaging in industry associations and public organisations. We thank all nominees for their contributions to market research and offer our heartfelt congratulations to these lawyers.

In this issue

Saudi Arabia’s new gateway to global capital

By Wang Jihong and Liu Ying, Zhong Lun Law Firm

Case study: jurisdictional conflicts in labour disputes

By Mu Dunbo and Liu Jian, Zhilin Law Firm
DR clauses in multiple contracts

Dilemma in applying DR clauses in multiple contracts

By Zhang Yaxing and San Bing, Han Kun Law Offices
Chinese arbitral awards in Myanmar

Recognition and enforcement of Chinese arbitral awards in Myanmar

By Huang Qiang and Yang Shixuan, Zhong Ce Law Firm
CBLJ-Forum-Shanghai-2024

CBLJ Forum Shanghai 2024

Corporate leaders, legal heads gather at CBLJ Forum in Shanghai

Shareholders' Right to Information

Shareholders’ right to information under new Company Law

By Yi Xiangming and He Lingyu , Zhong Lun Law Firm
Lexicon

Service by public notice

Mortgaging a project under construction

By Sima Yayun, Zheng Xin and Guan Xinran, DOCVIT Law Firm
China-In-House-Impact-Award-2024-L

China In-House Impact Award 2024

Our editorial team presents the major projects, cases and deals that best showcase legal teams’ value, as well as our first Lifetime Achievement Awards

Maintaining public-private collaboration trust

Maintaining rational trust in public-private collaboration

By Wang Weining and Li Rujia, Starrise Law Firm
Chinese legal expert witnessesvideo

Using Chinese legal expert witnesses in international arbitration

By Paul Zhou and Leslie Shen, SGLA Law Firm

New major player

Chinese companies and institutions are proactively engaging in cross-border disputes with growing confidence and higher standard

Key points for civil affairs departments acting as estate administrators

By Li Yinghui and Hong Liang, Zhihe Partners
The-A-list-Visionaries-2024-2025-cover

The A-List 2024-25: Visionaries

The A-List 2024-25 Legal leaders and influential lawyers in China's legal market

share repurchase rights

Disputes over share repurchase rights in VAM agreements

By Rui Gang, Kangda Law Firm
video

Arbitration challenges in cross-border mergers and share swaps

By Vicky Zhang and Missan Leung, Dacheng Law Offices
Extending Arbitration Agreements

Scenarios for extending arbitration agreements

By Tian Bin, Langfang Arbitration Commission
Navigating-key-aspects-of-international-arbitration

Navigating key aspects of international arbitration

By Bai Xiao, Zhong Wen Law Firm

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