19 September 2018

Disputes involving overseas firms rise in China, report says

Overseas companies are being urged to study Chinese laws more closely as the number of commercial disputes involving them continue to rise in the country, Shanghai Daily reported Friday. The Huangpu District People’s Court in Shanghai said Thursday that it had heard 152 cases between 2009 and 2012 that involved foreign or offshore businesses, according to the report. Majority of the disputes involved firms from Taiwan, Hong Kong and the United States, the court was quoted as saying in a white paper. Among the common mistakes made by firms and individuals are negligence in verifying and vagueness in contracts, illegal investments, and investments made blindly without studying the local laws.

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