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China Promises to Treat All Firms Equally. Foreign Businesses Remain Wary

Bloomberg

15 Mar 2019

Morrison & Foerster partner Paul McKenzie shared his view on the impact of the new foreign investment law.

According to Mr. McKenzie, “companies may be forced to draw up new contracts with their existing joint venture partners within five years to comply with the more general company law. In principle, it creates a more level playing field. But the need to amend existing contracts to comply will shake up fundamental agreements that the world’s largest automobile makers and chemical companies have in place.”

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