Private equity and venture capital are a fairly new thing in China. Unlike some countries that have mature laws and/or rulings in this area, the Chinese laws in this regard are still developing, and the court rulings are sometimes a far cry from the written laws. In addition, the frequently applied rules in some countries are not necessarily accepted in China. Great care must be taken before making any investment, and professional due diligence must be conducted by lawyers that know not only laws but also finance and tax.
We can easily understand clients’ concerns, and meet their demand in a much more efficient way. In particular, because the finance people from clients and us can use the same finance language, this reduces a lot of time on unifying the “wordings”.
Experience and knowledge in this area are equally important, but it seems experience is more important than knowledge. Hopefully our knowledge and experience in this area could be of help to our clients.