Lawyer Article
U.S.-China Differences and Their Impact on Business Behaviors
March 18, 2008
Abstract
China may be the second largest trading partner of the U.S., but the road to this increasingly close relationship has not been an easy one. There have been a lot more failures and struggles in these cross-border business interactions than successes. Although it is probably true in the business world as a whole that there will be more failures than successes, the vast differences between the U.S. and China certainly have played a major role in the struggles and failures in U.S.-China business transactions. Understanding and adapting to differences cannot guarantee success but can make the venture a little easier.
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About Guanming Fang
Guanming Fang is a Member of Womble Carlyle’s Corporate and Securities Practice Group and the team leader of the Firm’s China Initiative. She advises mid-market companies in their mergers and acquisitions, strategic alliances, private equity transactions, technology licensings and other transactions. She has represented clients across a broad range of industries, including manufacturing, distribution, business service, life science, and information technology, and routinely counsels U.S. and international companies (particularly Chinese companies) on issues relating to their company structure, equity holder relationships, and U.S. operations.
This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact Womble Carlyle Sandridge & Rice, LLP. The purpose of this article is to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances.