Legal Articles, Corporate

How U.S. Businesses Can Keep Trans-Pacific Operations Strong During COVID-19

During the COVID-19 outbreak, international demand for Chinese products dropped dramatically and China's economy took a hit as a result. China's response to the coronavirus outbreak was to stall domestic economic activity to halt the spread of COVID-19. This strategy proved effective, and now the country is working carefully to mitigate further spread as businesses reopen. Despite uncertainties due to the global pandemic, international trade with China remains strong, especially with the United States. The pandemic greatly impacted some industries, but also improved other sectors due to the vast increase in demand for certain products. ew and forthcoming trade policies between the U.S. and China include a suite of procedural rules that can be confusing, particularly in these uncertain times. Compounded upon domestic regulations designed to fight the spread of COVID-19, businesses are increasingly turning to Chinese attorneys to help them navigate a shifting international scene. As the legal and regulatory landscape changes, businesses are turning to Chinese lawyers in the U.S. and in China to ensure they maintain safe compliance while still preserving their economic activities. Trans-Pacific trade between the U.S. and China has never been stronger and both American and Chinese attorneys are key players in fostering this relationship.

How Do Wholly Foreign Owned Enterprises (WFOEs) Win Lawsuits in China?

This article addresses what a Wholly Foreign Owned Enterprise (“WFOE”) operating in China should do to avoid ending up in court and, if it does, how the company can maximize its chances of winning the case. WFOEs enjoy the benefits of limited liability afforded businesses and the individual rights offered under Chinese civil law. Most WFOE's will need to deal with the Chinese courts' Civil Procedure Law and also should know how the litigation will proceed substantively, such as under contract law or as a foreign party, because it will impact strategy and legal outcomes. Most high-profile WFOE cases do not end in favor of the foreign party. So an entity litigating labor and employment issues or issues likely to impact international trade will likely lose. WFOEs need to also consider alternative dispute resolution mechanisms, such as arbitration in front of the China International Economic Trade Arbitration Commission (“CIETAC”). WFOEs embroiled in litigation in China’s courts of law can maximize their chance of success by engaging skilled, knowledgeable local counsel with knowledge of both domestic and international laws.

“An Overview of Oklahoma Law Insurance”

This article gives a basic overview of automobile insurance law.

CONSIDERING A SALE? Take early steps to protect your talent

Are you a business owner who is thinking about selling your businesses? It’s never too early to plan ahead to protect the future success of the business.

CONFLICT ISSUES IN THE SALE OF CLOSELY HELD BUSINESSES; TENSIONS AMONG FAMILY MEMBERS

The sale of a family business or any business with multiple owners creates potential conflicts among the owners as well as potential issues for the attorney representing the sellers. Among these issues are those related to employment/consulting agreements, noncompete agreements, indemnification clauses, and dispute resolution as part of the sale.

CLAWBACKS: CREATING A FAIR POST-SALE DEAL FOR FORMER OWNERS

Clawbacks are provisions that assure a former equity owner receives fair, full consideration when it sells its equity. Such provisions enable the former owner to participate in the consideration received in a subsequent sale of the business by the remaining owner or owners.

NO FAULT INSURANCE IN NEW YORK STATE

No-Fault benefits are mandatory for all N.Y.State motor vehicle insurance policies as part of NYS minimal insurance requirements, provided by all insurers and self-insurers of motor vehicles.

3 Considerations Before Reopening Your Business During the COVID-19 Pandemic

The article explores 3 considerations to make before reopening your business during the COVID-19 pandemic.

Thinking about Incorporating? Consider the Following

An introduction to the different types legal entities in the State of Florida and the pros and cons of incorporating your business.

5 Key Steps to Take When Starting a Business

Steps to take when starting a new business.

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