DOCVIT News | Director Liu Guangchao was Invited to Attend the First Chinese Economists 50 Forum Entrepreneur Director Seminar

Source:   Time: 2017-07-27 11:29:48  Author:

Abstract: On July 22, 2017, the First Chinese Economists 50 Forum Seminar of Entrepreneur Directors’ Views on “the Belt and Road” was held at Hohehot. Liu Guangchao, Director of Beijing DOCVIT Law Firm, Secretary General of Green Legal Global Alliance and Director of Chinese Economists 50 Forum, attended the seminar and delivered a keynote speech.

Li yang, Member of Chinese Academy of Social Sciences and Chairman of National Institution for Finance & Development, Xia Bin, counsellor of the State Council and Honorary Director of Research Institute of Finance, Development Research Center of the State Council, Cao Yuanzheng, Board Chairman of BOCI Research Ltd., Long Guoqiang, Vice Director and Party Leadership Group Member of Development Research Center of the State Council, Cao Deyun, Secretary General of Insurance Asset Management Association of China, Pan Gang, Board Chairman of Inner Mongolia Yili Industrial Group Co., Ltd., Duan Yongji, Pan Zhongguang, Qian Longhai, Zhou Jiangong, Zhou Yuanzhi, Wang Xiaolan, Zhu Dezhen, Guo Cuiping, members of Chinese Economists 50 Forum Entrepreneur Board of Directors and other economic experts and representatives of entrepreneur directors attended the meeting and participated in discussion,

In the meeting, Director Liu Guangchao said that, from the perspective of country, “the Belt and Road is a proposal and a strategy and also soft restructuring of international rules, order and governance; from the perspective of enterprise, it needs to pay attention to a set of rules and two issues and establish three mechanisms. Rules concern trade, investment, finance and other aspects; issues are the boundary and integration of national and enterprises’ strategies as well as the symmetry of surface information and depth information; mechanisms include dialog mechanism, governance mechanism and dispute settlement mechanism.”

In his speech, Director Liu Guangchao primarily elaborated the legal risks to be concerned when an enterprise goes out. He said that, “The Belt and Road” brings great opportunities for China’s enterprises, but also faces multiple potential problems. In general, an enterprise should pay attention to seven major legal risks: 1. Investment restriction, Encourage or restrict? What conditions? 2. exchange control, should pay attention to any limitation on the term, line and direction. 3. Environmental standard. Are there any country criteria? Are there any relevant protocols? 4. Labor and employment. An enterprise should know any limitation on the employment object, scale and policies. 5. Intellectual property right. 6. Taxation system. 7. Should pay attention to the dispute settlement modes.”

Furthermore, during exchange of views, Director Liu Guangchao also analyzed several misconceptions in the cooperation between entrepreneurs and lawyers: 1. Lawyers should act in an early stage, but many entrepreneurs began to take into account them in the later stage; 2. The cooperative mode of enterprises and lawyer individuals has become outdated; an enterprise must cooperate with a lawyer system, thus it can get comprehensive and systematic legal service; 3. The cooperation between enterprises and lawyers is an interactive process and of partnership, rather than simple relation between Party A and Party B; 4. During the cooperation process of “The Belt and Road”, lawyers are not only professional service personnel, but also the personnel integrating resources; 5. What entrepreneurs truly need are schemes rather than files; 6. It should not impose the commercial decision-making and internal management upon lawyers, but their strength can be explored.

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Beijing Docvit Law Firm (Docvit in short), which was established in 2003, is one of the few earliest law firms instituted as a corporation rather than partnership in China. Aimed at building a high quality law firm with professional competence, Docvit fostered innovation under its unique system of operating as a large-scale corporation. Benefited with its core-competitiveness, such as international insights and full IT application management mode, to name some of them, Docvit pursued cross-border development and established an image of high-end brand in a industrialized market. In 2015, Docvit was ushered into a “3.0 era” of moderate-scale development, which witnessed the gradual formation of nation-wide and world-wide layout with the start-up of branch offices in Tianjin, Jinan, Shenzhen, Shanghai, Chengdu, Taiyuan, Hong Kong, London and other places in succession.
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