This article posted on our partner site Mondaq.com notes the difficulty of establishing successful joint ventures in the Chinese market and suggests some best practices like being sensitive and open to a relationship that goes beyond business management to be respect-based and “face”-oriented, and to avoid the common practice of non-compliance with the law through maintaining comprehensive legal documentation on matters like ownership and management.
This comes to you as a part of Clausehound’s exciting new collaboration with Mondaq!