My clients, two foreigners, operate a successful restaurant in Shanghai for a few years. They invest in the business but the restaurant was registered in two Chinese persons’ names in order to save time for starting the business. Of course, there is a contract between the two foreigners and the Chinese nominee shareholders. Recently, the two clients…
This is a stupid question indeed. But it is not a chitchat here on this blawg.
I. Judicial Change from Denial to Affirmation of Validity of Unauthorized Disposal Contract
In the not-long past, if anyone (even if your spouse, parents, co-owner) sells your property without your consent, the legal outcome is outright: the contract underlying the sale is void…