As businessmen in many countries, Memoranda of Understanding (MOU) and Letters of Intent (LOI) are often used by Chinese companies and businessmen. However, the Chinese use of MOUs and LOIs and the Chinese rules governing these legal documents are so different that they can cause major problems when doing business with China. Below are the key points to consider when signing a MOU/LOI.
On November 13-15, Kazan hosted the II Russian-Chinese Rostki Business Forum, a unique platform for strengthening and developing Russian-Chinese trade relations.
For various reasons, China’s distinctive venture capital market has uncommon legal instruments. One such instrument is the Valuation Adjustment Mechanism (VAM), which permits to formalize the relationship between venture capital investor, target company and its founder, so that the financial performance of the company would provide additional benefits to the investor or founder.
On September 3rd, ICC Russia International Trade Day took place in Vladivostok. KKMP China Desk Head Senior Associate Chuck Peng participated in the special panel "Pivoting East: New Horizons for Dispute Resolution and Investment Protection" and gave a presentation on arbitration in China.
On August 24th, the annual Taiyandao Business Conference was held in Harbin with more than 1 000 participants including Chinese officials, businessmen, industry experts and other attendees. KKMP China Desk Head Senior Associate Chuck Peng spoke at the conference in a panel on the digitalization of state-owned enterprises with a presentation on how legal services help Chinese enterprises to effectively invest in Russia.
Vladimir Putin's visit to China, the first foreign visit by a Russian President since taking office, is in full swing. The Russian and Chinese leaders emphasized the importance of developing a comprehensive partnership between the states in the sphere of trade, in particular the need to strengthen cooperation between banking institutions and payment systems, and announced the expansion of joint projects in the hydrocarbon and nuclear energy sectors.
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