Since 1949, U.S.-Sino relations have evolved from tense standoffs to a complex mix of intensifying diplomacy, growing international rivalry, and increasingly intertwined economies. Over 15 years ago, Bill Clinton signed the U.S.-China Relations Act of 2000 granting Beijing permanent normal trade relations with the United States and paving the way for China to join the World Trade Organization in 2001. Since 2010 China has surpassed Japan as the world's second-largest economy and, according to former Goldman Sachs chief economist Jim O'Neill, China is on track to overtake the United States as the world's number one economy by 2027.
As we have seen over the past century - and even in the present day - the relationship between the United States and China involves cooperation and competition. Cooperation and competition are also two key themes of running a successful international business. And, what is crucial behind any business, particularly when looking on a global scale, is its legal team.
ALM, publisher of The American Lawyer, The Asian Lawyer, China Law & Practice, Law.com and Corporate Counsel magazines, and the largest legal media company in the world, will be hosting the US-China Legal Summit in Hong Kong on February 25, 2016 at the JW Marriott. The Summit is designed for C-suite executives and in-house legal counsel, and will focus on the bilateral relationship between America and China and the legal and regulatory issues involved in US-China trade.
Some of the key questions in discussion at this year’s summit include:
- With growing concerns among enforcement agencies about cyber security and access to private data, how can you minimize exposure of such data during a government raid?
- How do you prepare your employees for the possibility of a raid?
- You have been subject to a raid, what do you do in terms of Public relations? Crisis management? What about your brand?
- Can Hong Kong make the most of its new competition law?
- Are you prepared for the new competition laws? How do you stay on top of it all with regular reviews and updates?
- Current outbound M&A climate globally – what are other industries doing, where are the trends?
- How do you comply with regulations that govern data security, personal information security, data breaches etc.
- When companies first enter the Chinese market, how should they go in – as a wholly foreign entity, or as a joint venture with a local partner? How do they even find a local partner, and make sure they are reliable?
- Once a dispute arises, what are our options?