China is no longer all about inward investment. The sheer size, strength and growth of the economy means Chinese companies are making acquisitions of their own as they look to expand internationally. John E Lange of Paul Weiss explains on page 45 how Chinese companies are taking advantage of their lower cost base to buy unprofitable lines of business from western companies and to make strategic acquisitions to bring in new technologies. Structuring these deals as joint ventures means coping with not only cross-border M&A legal issues, but also complex intellectual property agreements.
June 30 2005