Top five Chinese business laws everyone should know — Red ...
https://www.redherring.com/startups/top-five-chinese-business-laws-everyone-should-know/
The legal representative of a company gets to make decisions. If a Chinese joint venture partner hires the legal rep, says Harris, it doesn’t matter whether you have the majority stake, or if you’re on the board. The legal rep still has the power. “Your Chinese partner can go to the bank and take out $2 million without your say,” he adds.
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