China's corporate challenge

Author: | Published: 1 Dec 2007

Tom Young
Asia editor

The Association of Corporate Counsel (ACC) has a big task in China. The 75-member organization exists, in its own words, to improve understanding of the role of in-house attorneys, and encourage improvements in corporate legal practice.

But in-house lawyers are sometimes underrepresented and undervalued in China. Legal risk is low on Chinese state-owned enterprises' (SOEs) list of priorities, and some company management often believes it can manage risk without in-house legal advice.

Lawrence Liu, China's newly appointed chief representative for the ACC has been saddled with solving this problem, and introducing the organisation's standards to Chinese companies and their in-house counsel. Here, Liu, also general counsel of China Electronic System Engineering (CESEC), talks about the challenges.

What role can the ACC play in China? Lawrence Liu: China corporate counsel's industry is just starting to grow. So there's so much for them to learn from the international legal community....