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Improved legal services urged [Copy link] 中文

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Post time 2017-3-18 13:41:40 |Display all floors
This post was edited by wuzheyuamily at 2017-3-18 13:42

By Hou Liqiang and Li Yingqing | China Daily

Legislators have called on the government to provide more legal services for the growing number of enterprises expanding overseas as part of the Belt and Road Initiative.

Authorities nationwide have also been urged to hire talent with knowledge of international commercial law to avoid misconduct that could threaten deals, such as mergers and acquisitions.

The plea was made by deputies during the annual session of the National People's Congress, the top legislature, which ended on Wednesday.

Chinese companies that are going global face fierce competition in terms of intellectual property, said Cun Min, the newly promoted deputy head of the Xishuangbanna Dai autonomous prefecture government in Yunnan province.

Formerly a provincial commerce official, Cun said the legitimate rights and interests of many companies, especially small and medium-sized enterprises, are often infringed on due to their disadvantages in creating, utilizing, protecting and managing intellectual property as well as their limited access to related services.

Improved legal services urged

The main problems Chinese companies face include "malicious trademark registration", intellectual property litigation from rivals and other intellectual property-related disputes relating to contracts, investment cooperation, technology acquisition and employment, she added.

More than 15 percent of well-known Chinese trade-marks have been "maliciously registered" overseas, Cun said, citing estimates by unnamed experts.

"The main reason firms fall victim to such problems is the insufficient support system to help protect intellectual property rights of Chinese companies overseas," she said. "While guidance and support from the government needs to be strengthened, there are also not enough relevant social services."

Cun suggested utilizing the experience of developed countries and setting up a fund, supported by government and social finances, to offer companies services to protect intellectual property rights and other interests.

Yuan Zhongxue, president of Mesnac, a rubber and tire machinery supplier in Qingdao, Shandong province, and an NPC deputy, said that while conducting market research in Thailand, his employees saw that authorities in developed countries offer legal services to their companies when in commercial disputes overseas.

"As Chinese companies go abroad with the Belt and Road Initiative, Chinese judicial officers should too," Yuan said, adding that legal support that companies receive from embassies is limited.

He said it would be better if companies could get suggestions from the government on the legal environment in their investment destinations that they can use as a reference to make decisions, as many companies don't have such expertise.

However, Wang Youde, an NPC deputy and president of Shandong Hengyuan Petrochemical Co, said the government should also be well-prepared to offer services based on international law.

Hengyuan acquired a majority stake in Shell's Malaysian oil refinery business for $66.3 million last year. During negotiations, the companies signed a confidentiality agreement, yet Wang said that before the talks were finalized, the Shandong provincial government made a public announcement about the deal. This, he said, resulted in difficulties that could have been avoided.

"Government departments should hire professionals with expertise in international law and improve their services," Wang added.

Ding Yuhua, an NPC deputy and president of Triangle Group, a major tire producer in China, agreed and said a lot of talent is needed as Chinese companies go global, adding that it will take time for China to foster such talent, so employing foreign talent is necessary.

Foreign talent will be more motivated if they are included into China's social security system, Ding added.

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Post time 2017-3-18 17:22:13 |Display all floors
Improvements to legal services is always very welcome. It is a shame that China has a reputation for corruption and ignoring laws to suit them. The work now taken by the Chinese government to build their reputation will take a long time to achieve. They must prove to the international community that Chinese businesses abide by law and do so over a long period of time.
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Post time 2017-3-19 11:33:55 |Display all floors
It is revealing that the Chinese businesses want their rights to be protected on the international turf but in China itself they want to be unfettered by legal obstacles or by euqal rights for foreign competitors. Apart from this, I note that the Chinese parliamentarians are more interested in promoting business than the rights of their own citizens vis-a-vis the authorities and businesses in China... When will China become a place ruled by law rather than by those in power?

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Post time 2017-3-19 23:37:54 |Display all floors
seneca Post time: 2017-3-19 11:33
It is revealing that the Chinese businesses want their rights to be protected on the international t ...

Where are your postings in Chinese language?
Please do not keep all of us waiting as you claim your Chinese is better than mine!

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Post time 2017-3-20 05:42:20 |Display all floors
Too long to read

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Post time 2017-3-20 07:58:22 |Display all floors
teatree16 Post time: 2017-3-19 11:52
What are you talking about seneca?  I hope you are well after paper diaper has been changed on time? ...

If you ploughed through the whole original post I would be unable to believe you understood what the whole stuff is all about; my reply was pithy, concise, to the point. Why isn't yours?

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Post time 2017-3-20 14:08:34 |Display all floors

You all know the rules regarding personal attacks.

Kindly cease and desist from personal attacks.

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