Another way of doing business in China? Contract-based business operation

It may appear new to you, I mean, the so called “contract-based business operation”. Actually, it is not new.

Contract-based business operation (the “CBBO“) refers to the operation of a business by a contractor, the business operator, in accordance with a contract concluded by the business owner and the contractor under…

the Legal Implication of Corporate Seal in Chinese Corporate Practice

In China, every company, domestic or foreign invested, has a set of corporate chops, or corporate seals, in particular the common seal or the general corporate seal (Gong Zhang,公章), an instrumentality that is mandatory and indispensible for a legal entity to run and operate here.

However, to many foreign investors, this particular corporate…