Dear friends,
We¡¯d like to kindly remind you of ¡°Shanghai Investment Fair, Nov. 25¡±, and
look forwards to seeing you there
Shanghai Investment Fair, Nov. 25
----FDI in developing economies: opportunities and challenges
Venue: 64F, Shanghai World Financial Center, 100 Century Avenue, Pudong,
Shanghai, China
(Please bring your ID card /passport to ensure your entry)
When: 7:00-10:00pm, Nov. 25, 2009, Wed.
Host: "Invest in China" Club (IIC)
Contact: Mr. Shen, Linchang
Phone: (86)15000355201
¢ñ.Description:
Shanghai Business & Investment Event intends to provide an effective platform
for businessmen in Shanghai to communicate and cooperate. In particular, this
event is dedicated to facilitate investors and investees to strike a deal. A
good number of investors have been invited.
¢ò. Event Agenda:
(IIC traditional 1-2-3)
1. Opening and 1 min. Broadcasting, 7:00- 7:30pm
2. Speech + Q&A, 7:30-8:30pm
Presentation: Investing in Asia--armed guards, collapsing currencies, crooked
generals and other normal events
3. Drinks and Social Networking, 8:30pm ¨C 10:00pm.
The Speaker Mr. Russell Miller is an experienced investment fund manager and
successful entrepreneur. In addition, He is engaged in a good number of
non-profit organizations.
Mr. Russell Miller Graduated from the University of San Francisco in 1960) and
obtained Master¡¯s degree from Columbia University Graduate School of Business
in1962.
To know more about the Speaker, please click:
http://www.investable.cn/en/messageView.php?id=1208
¢ó.Photos of recent events:
Fundraising, Entrepreneurship, and Growth utilizing the Public Services of EDA:
http://www.yupoo.com/photos/slideshow/?album_id=ff80808124d91cfb0124e0e050d45d44
China Angel:
http://www.yupoo.com/albums/view?id=ff80808123f962510123f987d91e0554
Being entrepreneur in Silicon Valley and China:
http://www.yupoo.com/photos/slideshow/?album_id=ff8080812336dc0a0123374a70960c36
¢ô.Price
The full price is 150 RMB per person at the door. Only 100 RMB per person with
RSVP before 3pm on Nov. 23 and it includes: alcohol, drinks, and finger food.
Easy on-line registration (Members need to fill names only):
http://spreadsheets.google.com/embeddedform?key=trflelv1zRon4pJLjsLv5rg
Best regards,
Event Admin: Shen, Linchang
http://www.slideshare.net/ShenLinChanghttp://cn.linkedin.com/in/15000355201
----FDI in developing economies: opportunities and
challenges
Venue: 64F, Shanghai World Financial Center, 100 Century Avenue, Pudong,
Shanghai, China
(Please bring your ID card /passport to ensure your entry)
When: 7:00-10:00pm, Nov. 25, 2009, Wed.
Host: "Invest in China" Club (IIC)
Contact: Mr. Shen, Linchang
Phone: (86)15000355201
¢ñ.Description:
Shanghai Business & Investment Event intends to provide an effective platform
for businessmen in Shanghai to communicate and cooperate. In particular, this
event is dedicated to facilitate investors and investees to strike a deal. A
good number of investors have been invited.
¢ò. Event Agenda:
(IIC traditional 1-2-3)
1. Opening and 1 min. Broadcasting, 7:00- 7:30pm
2. Speech + Q&A, 7:30-8:30pm
Presentation: Investing in Asia--armed guards, collapsing currencies, crooked
generals and other normal events
3. Drinks and Social Networking, 8:30pm ¨C 10:00pm.
The Speaker Mr. Russell Miller is an experienced investment fund manager and
successful entrepreneur. In addition, He is engaged in a good number of
non-profit organizations.
Mr. Russell Miller Graduated from the University of San Francisco in 1960) and
obtained Master¡¯s degree from Columbia University Graduate School of Business
in1962.
To know more about the Speaker, please click:
http://www.investable.cn/en/messageView.php?id=1208
¢ó.Photos of recent events:
Fundraising, Entrepreneurship, and Growth utilizing the Public Services of EDA:
http://www.yupoo.com/photos/slideshow/?album_id=ff80808124d91cfb0124e0e050d45d44
China Angel:
http://www.yupoo.com/albums/view?id=ff80808123f962510123f987d91e0554
Being entrepreneur in Silicon Valley and China:
http://www.yupoo.com/photos/slideshow/?album_id=ff8080812336dc0a0123374a70960c36
¢ô.Price
The full price is 150 RMB per person at the door. Only 100 RMB per person with
RSVP before 3pm on Nov. 23 and it includes: alcohol, drinks, and finger food.
Easy on-line registration (Members need to fill names only):
http://spreadsheets.google.com/embeddedform?key=trflelv1zRon4pJLjsLv5rg
Best regards,
Event Admin: Shen, Linchang
http://www.slideshare.net/ShenLinChanghttp://cn.linkedin.com/in/15000355201
Dear friends,
We are currently constructing ¡°China Business Network¡± on Linkedin, XING,
Facebook and Plaxo. ¡°China Business Network¡± is dedicated to be a business
platform for members to understand Chinese business environment, seek business
partners and look for business opportunities in China.
Welcome to join the business network if you are engaged or interested in
business in/with China. To be a member, you are entitled and encouraged to make
good use of the network for your business.
Join us to grow the business network and make it vibrant and valuable.
Particularly, it is highly appreciated if you¡¯d like to share ¡°China Business
Network¡± with your contacts or groups you moderate (if any ).
China Biz Network (Linkedin)
http://www.linkedin.com/groups?gid=2088578
China Business (XING)
https://www.xing.com/net/biz
China Business (Facebook)
http://www.facebook.com/group.php?gid=166124168309
China Business (Plaxo)
http://bizchina.plaxogroups.com
Best regards,
Shen, Linchang
http://www.facebook.com/Chinese.lawyer
Event of this month is so hot that the remaining seats are limit. Please RSVP:
http://spreadsheets.google.com/embeddedform?key=trflelv1zRon4pJLjsLv5rg
If you are an investor to China, this speech will tell you how to enter with
advantage.
If you are an entrepreneur and like to know maximize your capital return and
capacity by leveraging other peoples money, this speech will tell you.
If you are a professional service adviser and like to know how to help your
client in setting up winning company and gain competitive edge, this speaker
will answer you.
If you are looking for some opportunity in Shanghai, 1 min. Broadcasting will
make you attract opportunity come to you.
If you just like to make some international professional friends, then the
social networking time is valuable for you.
Event complete agenda, IIC traditional 1-2-3:
1.Opening and 1 min. Broadcasting, 7:00- 7:30pm (people share what they are
offering or what they are looking for in 1 min. and experience many people come
to him/her during the social networking time.)
2.Speech/Panel + Q&A: ¡®Gateway to Investment in China¡¯ ¨CFundraising,
Entrepreneurship, and Growth utilizing the Public Services of EDA (Economic
Development Area), 7:30-8:30pm (IIC typical speech are all practical and
interactive, so audience can ask his/her personal questions freely.)
3.Drinks and Social Networking, 8:30pm ¨C onwards. (This is the stickiest
session, most of attendants could not wait for this moment and hard to leave
after talking to several high quality new friends, or business opportunity
leads. We expect you know at least 3 new quality friends at night.)
Shanghai Business & Investment Event, October 28, 2009
(¡°Invest In China¡± Shanghai Monthly Event)
Venue: e-Fortune Club ¾Û¸»Üö
Address: 4F Hotel Equatorial, 65 Yan¡¯an Road West, Shanghai 200040
When: From 7:00pm to 10:00pm, Oct. 28, 2009, Wed.
Phone: (86)15000355201
EMAIL: yzslc@...
¢ñ.Description:
Shanghai Business & Investment Event intends to provide an effective platform
for businessmen in Shanghai to communicate and cooperate. In particular, this
event is dedicated to facilitate investors and investees to strike a deal. Do
bring your executive summary or business plan to the gathering, a good number of
investors have been invited.
¢ò.Event Agenda:
(IIC traditional 1-2-3)
1. Opening and 1 min. Broadcasting, 7:00- 7:30pm
2. Speech + Q&A, 7:30-8:30pm
Economic Development Zone: the Stimulus for Investment in China
--- Fundraising, Entrepreneurship and Growth utilizing the Public Services of
ECD
(The presentation will be made in Chinese language)
3. Drinks and Social Networking, 8:30pm ¨C 10:00pm.
¢ó.Photos of last event:
Would like to see our last events? Take a look here:
http://www.yupoo.com/albums/view?id=ff80808123f962510123f987d91e0554http://www.yupoo.com/photos/slideshow/?album_id=ff8080812336dc0a0123374a70960c36http://www.yupoo.com/albums/view?id=ff808081230285470123317b89ef3fb7
¢ô.Price
The full price is 120 RMB per person at the door. Only 100 RMB per person with
RSVP before 3pm on Sep. 28 and it includes: 2 drinks and finger food during the
social networking time. Please RSVP to enjoy the discounted rate.
Easy on-line registration:
http://spreadsheets.google.com/embeddedform?key=trflelv1zRon4pJLjsLv5rg
To know more about the Event: please click:
(English): http://www.investable.cn/en/messageView.php?id=1204
(Chinese): http://www.investable.cn/en/messageView.php?id=1203
Best regards,
Event Admin: Shen,Linchang
http://www.facebook.com/Chinese.lawyer
Dear friends,
In this Group, some members are added by the Group moderators directly, so it is
quite possible some members are not interested in the Group.
If you don't want to stay in the Group any more or dislike the regular Group
newsletters, please feel free to leave the Group.
How to leave the Group :
1. enter into the homepage of the Group;
2. click the "Edit membership" at top left corner of the Page;
3.click "Leave Group" in the bottom right-hand corner
Very sorry for the inconvenience to you.
Best regards,
Charlie
http://www.slideshare.net/ShenLinChang
Advice on protecting intellectual property rights in China
For many multinationals, intellectual property is among their top concerns when
investing in China. These IP concerns loom particularly large for high
technology manufacturers who may be enticed by low costs and government
incentives but wary of aggressive competitors. While significant risks exist,
there are a number of steps that managers can take to safeguard their secrets.
This week, RightSite shares some inside tips on keeping your intellectual
property safe.
RightSite: What kinds of rights are protected as intellectual property in China
and what are some measures taken by the Chinese government to safeguard
investors' IP rights?
Shen: Important laws regarding IP rights include The Copyright Law of the PRC,
The Trademark Law of the PRC, and the Patent Law of the PRC. These laws cover
the basic forms of intellectual property including patents (external design,
invention and utility model), trademarks, copyrights, and trade secrets. These
statutes stipulate the legal responsibilities to be borne by anyone who violates
others' intellectual property rights, including civil liability, criminal
liability and administrative sanctions. So in terms of the written codes,
China's framework for intellectual property protection is fairly well developed.
RightSite: Are there any major differences in the way these statutes protect
intellectual property compared to international standards in more developed
markets?
Shen: As a member of WTO, China is subject to several international treaties and
conventions. TRIPS (Related Aspects of Intellectual Property) is the most
important agreement which sets down minimum standards for many forms of
intellectual property regulations and requires all WTO members to provide strong
protection for intellectual property rights. After China's entry into WTO in
2001, China has made amendments to national laws and regulations to meet the
requirement of TRIPS. In this respect, China has no major difference with other
WTO members.
RightSite: According to your experience, what are some typical intellectual
property issues that foreign investors encounter while doing business in China?
Shen: Most foreign companies are already aware of the fact that counterfeit
products and trademark infringement are common in China. While these problems
are not unique to China, they still create a legitimate basis for concern by
investors. However, significant progress can already be seen in enforcement of
intellectual property protections. For instance, many firms specialized in
IP-related investigation and enforcement have been set up to assist foreign
companies with anti-counterfeit campaigns, collecting evidence, seeking
protection from relevant authorities and litigation issues.
RightSite: Manufacturing companies are often exposed to trade and technical
secret revelation in the workplace, could you give some advice to these
companies to reduce the risk of these secrets being misused?
Shen: It is crucial for manufacturing companies to develop an IP protection
strategy and to have it as an integral part in their long-term business
strategy. Active measures may include controlling access to trade secrets by
introducing security measures and restricting access to relevant computers,
equipment and documents. Companies should also sign confidentiality agreements
with workers and management staff holding key positions, which require them to
not disclose any technical secrets and information, such as production
technology and process obtained, to third parties. In addition, technical staff
may also be restricted from working for a competing employer that produces the
same type of products or is engaged in the same type of business for a
prescribed period.
RightSite: In the case of foreign-China joint ventures and foreign-China
contractual arrangements, how can involved parties avoid future disputes over
the ownership of intellectual property?
Shen: Foreign companies entering into contractual arrangements with Chinese firm
should have IP ownership and allocation issues stated clearly in their business
agreement from the very beginning. For joint ventures, intellectual property as
an intangible asset contributed by one party of the joint venture company is
regarded as an asset of the joint venture company. In these cases, it is best to
include language in the contract that provides for the precise disposition of
the intellectual property in the case the joint venture is terminated either at
its natural term, or through some early termination mechanism.
RightSite: Dealing with IP violations and possible litigation is a nightmare for
any investor; can you give three suggestions to foreign investors on how to
protect intellectual property while doing business in China?
Shen: There are a number of effective ways to safeguard your intellectual
property in China. I would recommend that investors first consider the
following:
•Be familiar with rules
Foreign investors should understand China's position on IP protection and be
familiar with laws and regulations on this matter.
•Know what to do if your IP is violated
Enforcement options for dealing with IP violation in China are administrative
enforcement, civil litigation and criminal enforcement.
•Be innovative in protecting your IP
Companies can fight counterfeiting and misuse of trademarks by forming
industrial associations, which allows members to share information and work
together to closely monitor the environment on a constant basis.
RightSite: Many foreign investors are concerned about the effectiveness with
which China's IP laws are enforced. Is there any major progress made by the
government to improve this enforcement?
Shen: China has made great progress during the past two decades and has
introduced a set of laws and regulations to ensure intellectual property get
protected for all businesses in the market. Another noticeable change is the
change in attitude. Pushed by the nation's rapid economic development and
encouragement on innovation, China's protection on intellectual property has
changed from passive protection to active protection. With the raised awareness
on intellectual property, local authorities have strengthened efforts on
infringement crackdown to create a fair competition environment.
Graduated from Peking University and SOAS, University of London, and currently
advising clients at Shanghai Promise Law Firm, Mr. Shen Linchang has over
14-years legal experience and specializes in transnational investment
consulting, international commercial litigation and intellectual property
services. Mr. Shen can be reached by email at yzslc@....
His website: http://www.investable.cn/
Group members are entitled to post the article on your own websites, share with
your groups or/contacts.
Best regards,
Shen, Linchang
http://www.linkedin.com/in/15000355201http://www.slideshare.net/ShenLinChang
Shanghai Investment Event,August 18th
----------- Being entrepreneur in Silicon Valley and China
Co- Organizers:
Invest in China Club ( "IIC"¡¡ http://www.linkedin.com/groups?gid=21014 )
MBA Finance Club, Cheung Kong Graduate School of Business
Dear friends,
The IIC and Cheung Kong Graduate School of Business (CKGSB) will jointly hold an
event about being entrepreneur in Silicon Valley and China at CKGSB¡¯s Shanghai
Campus this month.
Time: August 18th 7:00 to 10:00PM
Location: Cheung Kong Graduate School of Business ( http://en.ckgsb.com/ ),
Shanghai Campus. Hongqiao Rd. #2419 (Cypress Hotel), Shanghai, China (Near the
Shanghai Zoo)
µØµã£º³¤½ÉÌѧԺÉϺ£Ð£Çø£¬½Ìѧ¥BÂ¥ ÉϺ£ÊкçÇÅ·2419ºÅ(½üÉϺ£¶¯ÎïÔ°)
Entrance Fee: Free.
Please reserve your seat by clicking the link
http://spreadsheets.google.com/embeddedform?key=trflelv1zRon4pJLjsLv5rg
Feature Speech Topic: Being entrepreneur in Silicon Valley and China
Differences, challenges, and benefits.
Culture shock here and there.
Entrepreneurs vs. VC¡¯s
US VC¡¯s vs. China VC¡¯s
Speaker: Hong Tan, Founder & CEO of Access Medical Systems
Contact: Victor Zhou(Junquan_zhou08@..., 13828885255)
Ke Xu(ke_xu08@..., 13916708498)
Detailed Agenda:
7:00 ¨C 7:20PM Reception
7: 20 ¨C 8:00PM Feature Speech and Q&A
8:00 - 8:20PM 1 Min. Broadcasting (Be prepared to grab this opportunity to
announce who you are and what you are looking for)
8:20 ¨C 10:00PM Free Social Networking
Transportation:
Subway Line 2, BeiXinJing Station, or SongHong Road Station, Taxi about 15 RMB
to Cypress Hotel£» ¶þºÅÏßµ½ ±±ÐÂãþÕ¾»òäÁºç·վ£¬È»ºó³ö×â³µ´óÔ¼15Ôªµ½Áú°Ø·¹µê
Map:
http://www.ddmap.com/map/21/point-21710-%C9%CF%BA%A3-.htm
About the speaker:
Hong is currently the founder CEO of a new startup, Access Medical Systems,
focused on innovative bio-analytical and diagnostics technologies. In 2000, Hong
founded Wave Crossing Corporation in the US, and served as CEO and President. He
established its wholly owned Chinese subsidiary where a new type of GRIN lens (a
key fiber optic component) was successfully developed. Wave Crossing was later
renamed Global Optron and became a leading supplier of GRIN lenses for the fiber
optic communications industry. In 2001, Hong founded ForteBio, Inc. in Silicon
Valley and bootstrapped the company in China. He created the Octet product
concept, the world¡¯s first volume-manufactured fiber optic biosensor. He also
established and managed ForteBio¡¯s Shanghai subsidiary where millions of
biosensors and instrument components have been produced. ForteBio is now the
fastest growing label-free detection company in the world. Prior to his
entrepreneurial career, Hong designed disk drive servo control systems at
Iomega, Maxtor, Seagate, Conner Tech, and Caleb Tech. He was a key member to
develop the highly successful Zip and Jaz removable disk drives that enabled
Iomega to achieve 0 to $1 billion revenue ramp within a year. His experience
also includes developing the tracking control system for a NASA space telescope
that was launched in 1993. He holds PhD and MSEE from Auburn University in the
US and BSEE from Xi¡¯an Jiao Tong University in China. Hong is presently
pursuing his EMBA degree at Cheung Kong Graduate School of Business.
All of us at IIC look forward to seeing you on Aug. 18th, and helping grow and
integrate our investment community in Shanghai.
Best Regards,
Max Hong
President,
Invest In China
Phone: 86-138 1689 9891
Skype: maxhong
E-mail: maxmshong@...http://www.slideshare.net/ShenLinChang/FDIChina
Dear members,
I'd like to introduce an investment opportunity for you: Petizens seeking
investment of USD 500,000. If you are interested, please feel free to contact
Mr. Shen,Linchang.In addition, welcome to forward the investment opportunity to
your contacts probably interested in the investment project.
The Executive Summary of the project is as follow.
------------------------------------------------
Shen,Linchang
http://www.slideshare.net/ShenLinChang
Contact info:
Email:yzslc@...
Skype: charlie_soas
Cell: (86) 15000355201
------------------------------------------------
Executive Summary
Petizens.com is a social networking website for pet owners designed to dominate
the pet social networking (PSN) market. By winning in PSN, Petizens should
quickly attract a share of the US$3bn pet products advertising market.
Petizens is like Facebook, except the profiles are about the pets, not their
owners. Unlike its competitors, Petizens is built on the latest Web 2.0
technologies. Consequently, Petizens is the only social networking website that
allows users to drag-and-drop components to build a profile page. This
technology makes our profile pages easy to build, full of features and more
customizable. We believe the superior customization and functionality of
Petizens will allow us to rapidly take share in our target markets. Petizens is
raising money from outside investors so that it can quickly grow.
Petizens provides superior customization and functionality: Leading social
networking websites like MySpace and Facebook limit users to a fixed format that
permits little or no customization, this also holds true in the PSN market.
o Petizens is the first social networking site that allows users to drag and
drop profile panels (such as blog, guestbook or photos) to any spot they desire
on their individual profile pages. This makes it easy for users to build their
profile page, thus broadening our demographic, from teens to retirees.
o Panels on Petizens can be adjusted to any size the user desires. All competing
websites limit panels to predefined sizes and locations.
o Petizens is the first PSN site to use small graphic icons called
!¡ãstickers!¡À that can be placed anywhere on the page.
o Members that buy the premium membership enjoy an even higher level of
customization, including speech bubbles and the ability to rotate pictures to
any angle.
These functions are not available on any other PSN site..
o New functions will be rolled out in 2009 including a memorial page for dead
pets, a pet government, a pet knowledge center, FaceBook application, games and
online groups.
o Try out the Petizens experience here: www.petizens.com/experience.php
Vulnerable rivals: We believe our main competitors have several weaknesses.
First, the
market leaders only target cat and dog owners thus ignoring 30% of pets in the
US. Second, the market leader does not respond quickly to competitive threats.
In addition, the market leaders seem to have a poor understanding of online
advertising. The combination of a superior product and vulnerable incumbents
suggest Petizens can take market share in the PSN market, thereby expanding
share in the pet industry advertising market.
Barriers to entry: The construction of Petizens has involved complex
programming.
If competitors decided to copy our drag-and-drop feature, we believe they would
have to redesign their sites from the ground up. This would risk alienating
their existing client base because their current users would have to redo their
user pages and re-learn the usability. We believe it would take a new company
12 ~ 24 months to copy Petizens and would require a substantial investment if
the programming was done in the US or Europe.
Revenue Streams: There are three main sources of revenue for Petizens. Paid
premium memberships and virtual currency sales flow from the US$10mn PSN market.
Advertising sales originate from the US$100bn global pet industry. Petizens is
already generating revenues from these three segments. Our earnings model shows
Petizens losing US$100k in 2009 and turning a profit of US$300k in 2010 and
US$1.2mn in 2011. Break-even is estimated in October 2010.
Fund raising plans: Petizens is raising US$500,000 for operations in 2009 and
2010. We expect to use the funds for staff salaries (51%), promotional
activities (31%), site development (6%), and others (12%). In our opinion, our
low cost base combined with the advanced state of our website reduces investment
risk.
Dividends: Dividends will be paid out once the company has US$500k in cash,
then 50% of the net profit will be paid out to investors. Expected dividends in
2011 is US$500k, 2012 US$1.3mn, 2013 US$2.1mn. Exit strategy could include
selling the company or taking it public.
Team and Founder: The founder of Petizens, Per Lyngemark, has a track record of
innovation, patents and capitalizing on his ideas. In 2003, Lyngemark sold his
first company, PaceBlade Technology, to Tulip of Holland for US$1mn. He has so
far invested US$250k into Petizens.
Dear members,
In need of regular legal advice/service for your investment/business in China?
If so, probably it is much more reasonable and economical to retain a legal
counsel than seek frequently legal consultation by paying lawyer as per hourly
rate.
Here is attached a sample of "Agreement on Retaining Legal Counsel", just FYI.
If interested , feel free please copy it and/or forward to your contacts .
[Sample] Agreement on Retaining Legal Counsel
, a company having its registered office at
(hereinafter referred to as ¡°the
Client¡±) proposes to retain and authorize Shanghai Promise Law Firm, a law firm
having its registered office at Suite 808,Zhangyang Road 707, Shanghai
,P.R.China (hereinafter referred to as ¡°the Promise¡±) to deal with the legal
affairs in its business operation and management. This Agreement is hereby
entered into by and between the Client and the Promise through friendly
consultation.
The Client and the Promise agree as follows,
Article 1: Attorneys
As requested by the Client, the Promise shall designate Attorney ,
to act as the legal counsels of the Client. If necessary, the Promise may
designate other attorneys under its employment as supplemental or substitute
attorneys.
Article 2: Services to be provided by the Promise
The services to be provided by the Promise are as follows:
Non-litigation affairs
1. Provide regular legal advice for the business operation and management of the
Client;
2. Attend the Client¡¯s meeting and provide related legal suggestions if
requested;
3. Take part in the negotiations between the Client and its customers if
requested;
4. Draft or/and review the legal documents including but not limited to
contracts;
5. Provide the Client¡¯s employees basic legal training;
6. Help handle affairs in relation to local authorities.
Arbitration and/or litigation affairs
1. Study the cases and elaborate the handling strategies;
2. Draft relevant legal documents for arbitration and/or litigation;
3. Appear in court on behalf of the Client.
The client shall pay the Promise additional legal service fee for arbitration
and/or litigation affairs; while the Promise shall give the Client 30% discount
of its standard charge.
Article 3: Term
This Agreement shall be effective from the date when it is duly executed by both
parties to the date of
Article 4: Fees for Services Performed.
For the legal services as listed in Article 2 hereof, the Client shall pay the
Promise a total service fee of RMB (RMB ).
The Client shall pay the Promise within working days after this Agreement
is signed; and
The service fee does not include travel fee where the Promise provide legal
service outside Shanghai City requested by the Client, and the Client shall pay
the Promise the incurred travel cost besides.
Article 5: Responsibilities of the Promise.
The Promise shall provide legal service in good faith.
Whether during or after the termination of this Agreement, the Promise shall not
disclose to any third party(s) any information concerning the Client¡¯s business
operation obtained by the Promise through providing legal service for the
Client, such as operation model, customer information, commercial information or
any other kind of information.
Article 6 Responsibilities of the Client.
It is the Client¡¯s responsibility to cooperate fully with Promise by, among
other things, providing the Promise with all requested information and making
the Client and the representatives of the Client reasonably available for
consultation and interviews upon request. The information provided by the Client
should be correct and complete; otherwise the Promise will be exempted from any
legal liabilities due to uncorrected or incomplete information provided by the
Client and will be entitled to cancellation of the Agreement.
Article 7: Governing Law and Settlement
This Agreement shall be governed by law of the People¡¯s Republic of China. Any
unsettled matter or any dispute arising from or in connection with this
Agreement shall be settled by amicable consultation or otherwise submitted to
China International Economic & Trade Arbitration Commission Shanghai
Sub-commission for arbitration, whose award shall be final and binding upon both
parties.
Article 8: Establishment
This Agreement shall be written in English and established with both parties¡¯
signatures. This Agreement is in duplicate and each party has one with the same
legal efficacy.
Best regards,
Group Admin: Charlie
Chinese lawyer ,Shanghai
Professional Page: http://www.facebook.com/Chinese.lawyer
To be a fan of ¡°Chinese Lawyer ,Shanghai¡°,obtain free basic legal advice for
your business in/with China.
Email: yzslc@...
Cell:(86) 15000355201
A Quick Guide to Bankruptcy in China
Author The RightSite Team
No one sets out to go bankrupt. However, for businesses that find themselves
overextended, planning a graceful exit from their enterprise will save them
untold trouble in China. This week, RightSite speaks with Mr. Shen Linchang of
Shanghai Promise Law Firm to provide investors with insight on how best to
liquidate a Foreign Invested Enterprise in China.
RightSite: Are they any major differences between winding up a company in China
compared to practices in the US or Europe?
Shen Linchang: Company laws in all countries should have the same purpose which
is to facilitate business actives, protect labor rights and safeguard the
interests of owners and creditors. In the 30 years since China's economy
starting opening up, many aspects of Western commercial law have been adopted in
China. While there may be differences in certain legal terms for company
liquidation, fundamental rules and basic procedures are the same.
RightSite: Under what situations, will a foreign-invested enterprise choose to
be liquidated?
Shen Linchang: A company may face dissolution and liquidation if:
1.the term of operation prescribe by the companies articles of association has
expired.
2.the shareholders agree to dissolve the company .
3.the business license of the company is revoke by law, or the company is
ordered to terminate.
4.the company has become insolvent
5 Where there are serious difficulties in the operation of a company and the
company's continuance will definitely cause significant losses to shareholders'
interests, however, such scenario cannot be solved through other channels, then,
shareholders representing 10% of all the votes may request the people's court to
dissolve the company.
6.other reasons as defined by the articles of association of the company.
RightSite: What are the general procedures for termination of a foreign-invested
enterprise?
Shen Linchang: 1. Submit an application for termination to the relevant
authorities;
2. A liquidation committee shall be formed within fifteen days;
3.The liquidation committee shall notify creditors within ten days of its
establishment, and shall make a public announcement in a newspaper within sixty
days. Creditors shall file their creditor's rights with the liquidation
committee within thirty days of receipt of the notice, and within forty-five
days of publication of the first notice if such creditors did not receive the
notice.
4.After identifying the company's assets and preparing the balance sheet and
schedule of assets, the liquidation committee shall prepare a liquidating plan,
which shall be submitted to the shareholders meeting or the people's court for
ratification.
5.After payment of liquidating expenses, payment of wages and expenses for labor
insurance of the workers, payment of taxes owed, and payment of company debts
are made, the remaining assets shall be distributed to the shareholders.
6.Where the liquidation committee discovers that the company does not have
sufficient assets to fully repay company debts, the liquidation committee shall
file a bankruptcy application with the people's court.
7.Upon completion of a company's liquidation, the liquidation committee shall
prepare a liquidating report, which shall be submitted to the shareholders
meeting or the people's court for ratification, and upon ratification, the
liquidation committee shall submit such report to the company registration
authority to apply for company de-registration, and make a public announcement
of the company's termination.
Read more here: http://www.facebook.com/note.php?note_id=102237197535&ref=mf
------------------------------------------------
1 ► Introduce yourself on the "Files"- So we can all take time to get to
know each other;
2 ► Post your demand and/or supply infomation on the "Messages" if any, so
that the group moderators or other members may respond with valuable help;
3 ► Share business information with the Group by submitting them to the
"Files";
4 ► Communicate with other members by following their discussions and/or
articles;
5 ► Inform the Group moderators of your comments and suggestions,if any.
6 ► Click the button "Promote"to invite your contacts you think can add
value and who will enjoy value by joining this Group.
------------------------------------------------
Sister groups:
Shanghai Business Club (on Facebook)
http://www.facebook.com/group.php?gid=25048062482
Shanghai Business Club (on Linkedin)
http://www.linkedin.com/groups?gid=147103
------------------------------------------------
Group Creator: Shen,Charlie, Attorney at Law
http://www.facebook.com/pages/Shanghai-China/Chinese-Lawyer-Shanghai/57094283672
Contact info:
Email:yzslc@...
Skype: charlie_soas
Cell: (86) 15000355201
------------------------------------------------
Date: Wednesday, April 22, 2009
Time: 7:00pm - 10:00pm
Location: Room 6460,64F,Shanghai World Financial Center
Street: 100, Century Avenue
City/Town: Shanghai, China
Description:
The social networking event intends to provide an effective platform for
businessmen in Shanghai to communicate and cooperate. In particular, this event
is dedicated to facilitate investors and Chinese companies seeking investment to
strike a deal;additionally, the event helps introduce investment opportunities
worldwide to Chinese investors.
The agenda of the event:
Start from 7:00PM
1. Knowing New Friends
2. 1 min. broadcasting (limited by 15 people only)
3. Speech start from 7:30 PM, 30 min. speech and 30 min. Q&A
Subject: 2009 and Beyond - Shanghai Economic Outlook and Business Opportunity
*Speaker:Jonathan Goo
Director of Shanghai Small Enterprise Trade Development Service Center,
International Cooperation Department
4.Social Networking
Entry Fee: RMB 100
Kindly remind: please bring your ID or passport for entering the Mansion.
Please confirm your attendance before April 21 by send an Email to
yzslc@... with the subject "Confirm Attendance".
Contact Info:
Phone: 0086-15000355201
Email: yzslc@...
"Chinese Lawyer, Shanghai" would like to provide group members free basic legal
advice for business in/with China. If you have any legal questions relating to
China, please feel free to leave them on the Page and/or contact the Page
moderators directly, so that the moderaotrs may respond with some help.
"Chinese lawyer,Shanghai" Professional Page on Facebook:
http://www.facebook.com/pages/Shanghai-China/Chinese-Lawyer-Shanghai/57094283672
Contact info:
Page moderaotr: Charlie Shen
Email: yzslc@...
MSN:yzslc@...
Cell: +86-15000355201
The presentation discusses the inward FDI into China and outward FDI from
China;in addition, the presentation briefly introduces Chinese legal system.The
presentation was originally deliverd to the delegation of the EMTM Program
(Executive Master's in Technology Management ¡ª a multidisciplinary master's
degree program offered by Penn Engineering and co-sponsored by Wharton )and the
delegation members mostly come from USA famous companies, such as Boeing,
Lockheed Martin ,Adobe Systems, Morgan Stanley ,Citigroup and so on.
If interested, read the presentation on:
http://www.slideshare.net/ShenLinChang/FDIChina
Group members are entitled to utilization of the presentation and forwarding it
to your business contacts interested in business in China.
Group moderator: Shen,Linchang
Chinese Lawyer,Shanghai
http://www.facebook.com/pages/Shanghai-China/Chinese-Lawyer-Shanghai/57094283672
Hello,
The moderator of the shanghaibiz group has changed the group's name.
This means that both the group's email address and the group home page
location have changed.
The group email address:
shanghaiBusinessClub@yahoogroups.com
The group home page location:
http://groups.yahoo.com/group/shanghaiBusinessClub
If you have links which point to this group or an address book entry
for the group, you should update them, as the old addresses will no
longer work.
Regards,
Yahoo! Groups Customer Care
Dear members,
We are seeking some sponsors to help make the groups "Invest in China"
more commercially valuable.
"Invest in China" intends to serve as a bridge between investors
worldwide and Chinese investment projects; and it is also dedicated to
introduce investment opportunities worldwide to Chinese companies. To
serve this purpose, since May 2008, the group moderators have
distributed 17 issues newsletters to the members and hold 8 events in
Shanghai,China.
The groups "Invest in China" have been growing fast.Currently, there are
more than 4,000 professional members( 3,000 on Linkedin and 1,400 on
Facebook).It could be reasonably expected the number of the members will
reach 10,000 by the end of this year.
If you or your company are interested, please feel free to contact the
group moderator,Mr.Shen,Linchang. We look forwards to win-win
cooperation with you.
"Invest in China" on Linkedin:
http://www.linkedin.com/groups?gid=21014
<http://www.linkedin.com/groups?gid=21014>
"Invest in China" on Facebook:
http://www.facebook.com/group.php?gid=22609605643
<http://www.facebook.com/group.php?gid=22609605643>
Best regards,
Group moderator: Shen,Linchang
Chinese lawyer,Shanghai
http://www.facebook.com/pages/Shanghai-China/Chinese-Lawyer-Shanghai/570\
94283672
<http://www.facebook.com/pages/Shanghai-China/Chinese-Lawyer-Shanghai/57\
094283672>
To be a fan of "Chinese Lawyer,Shanghai",you will "retain" a Chinese
legal advisor online;you may obtain FREE basic legal advice for your
business and life in/with China.
Contact info:
Email:yzslc@...
cell:£°£°£¸£¶££±£µ£°£°£°£³£µ£µ£²£°£±
[Non-text portions of this message have been removed]