Fledgling capital markets, cultural divides and quick-change laws await the unwary
China, if you believe what you read in the papers, is a newly awakened economic dragon, poised to take over the world's business and financial arena. But behind all the fire-breathing hype is the reality of a country with a population of 1.3 billion, a complex political and cultural history and a rapidly changing business and legal environment.
China's capital markets still are in their nascent stages; its banking system has a history of nonperforming loans; laws and regulations change with lightning speed; and many business structures are hand in glove with the government, an entity that is not immune to fraud.
For any company -- and its in-house counsel -- wanting to walk this labyrinth successfully, the risks are enormous, but so too may be the rewards.
With this in mind, GC South invited a panel of lawyers and an economist, all with significant on-the-ground China experience, to meet in Atlanta and address what's happening in this dynamic marketplace.
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