Due Diligence’s Dark Side…
China Success Stories is fast becoming one of my favorite blogs. Their recent article on due diligence is an excellent examination of the complicated issues surrounding the simple task of not getting burned in your dealings in China.
George Martin, a Partner at Faegre & Benson LLP wrote the article for CSS. The premise is simple. Business in China is different than most places in the world. It's easy to see why people jump in unprepared: the market is huge and potentially very profitable.
Martin sums up the problem colorfully: “Making your investment and contractual relationships prosper means minimizing risks. But identifying business and regulatory risks in China, for those unfamiliar with the process, may sometimes seem like trying to focus a telescope on the dark side of the moon. “
Read his whole article here. I think you'll be glad you did…
Source: China Venture News
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