Challenges and Opportunities for American Lawyers in China or with Chinese Companies
Carmen Chang, Wilson Sonsini Goodrich & Rosati
Transformation from a centrally planned economy, virtually closed to foreign trade, to a now rapidly expanding, market-oriented one has brought profound change for China and the companies outside the country doing business there. As China continues its breathtaking sprint toward modernization, debates on everything from limited natural resources to the value of the yuan to copyright enforcement have become more urgent. In the face of such change, how is the legal profession adapting–both here and in China? And how best can American lawyers advise their clients who, with growing frequency, conduct business there?