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Although the government will still have the right to expropriate the property of foreign investors under special circumstances, the new draft law requires that
by ilamont 8y ago
Although the government will still have the right to expropriate the property of foreign investors under special circumstances, the new draft law requires that the process must be done through legal procedures and include “fair and reasonable” compensation.
Reading between the lines: no guarantee of any legal or financial protections. Your case can be deemed a special case, or go through the same "due process" that foreign firms have been subjected to for decades that typically end up benefiting the joint venture partner or domestic industry. And, even if you win, good luck getting paid.
Business as usual in the PRC.
See also:
https://www.industryweek.com/intellectual-property/what-could-be-done-about-chinas-theft-intellectual-property https://www.industryweek.com/intellectual-property/what-coul...
https://www.caixinglobal.com/2018-11-28/paid-in-china-bill-collecting-poses-big-challenge-for-foreign-firms-101352629.html https://www.caixinglobal.com/2018-11-28/paid-in-china-bill-c...