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Attorney Yunqing Wang Invited to Provide Training for Xiamen ITG Group
Time:2023-09-15
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Translator:Zhang Xiaotong

 

On September 1, 2023, Senior Partner Yunqing Wang from Shanghai Landing Law Offices was invited by Xiamen ITG Holding Group Co., LTD. to provide customized internal training services. This training was aimed at various departments and legal professionals within the company who are either being dispatched to Brazil or engaged in business activities in Brazil. The training focused on offering an overview of economic and trade investments in Brazil, along with legal risk management. The training was divided into two sessions held in the morning and afternoon. The morning session covered "Common Dispute Resolution Clauses and Risk Analysis in International Goods Trade Contracts," while the afternoon session was dedicated to "Common Issues and Risk Management for Chinese Companies Operating in Brazil." The training received extensive praise from staff members across different departments and levels within the Xiamen ITG Group.

 

Under the first session, titled "Common Dispute Resolution Clauses and Risk Analysis in International Goods Trade Contracts," Attorney Wang covered five main areas. In the first part, Attorney Wang discussed common dispute resolution clauses found in international trade contracts signed between Chinese companies and Brazilian entities. She also emphasized key aspects related to their review and revision. The second part included Attorney Wang's discussion on Brazil's judicial system and arbitration institutions. Here, she showcased Brazil's legal system, court structure, and highlighted several common arbitration institutions in Brazil, along with their unique characteristics. Furthermore, she presented a comparative analysis of Brazil's dispute resolution mechanisms in terms of time efficiency, costs, and enforcement in comparison to European and American practices.

 

In addition to the judicial processes, the training included non-judicial approaches for investigation and recovery in Brazil. These methods encompassed credit checks, inspection agencies, notary services, blacklists, and similar procedures. Furthermore, Attorney Wang shared real-world examples from his experience working with teams to address various common legal proceedings in Brazilian goods trade disputes. She focused particularly on debt litigation procedures, defendant-initiated bankruptcy applications, transitions from debt litigation to bankruptcy proceedings, and enterprise response strategies in these special scenarios.

 

The second session, titled "Common Issues and Risk Management for Chinese Companies Operating in Brazil," covered seven key areas. Attorney Wang began by providing an overview of Brazil's investment environment, policy regulations, and recent economic data. She presented this information through vivid charts and detailed data, highlighting Brazil's macroeconomic conditions, key industries, and significant aspects of Sino-Brazilian trade. This was followed by an exploration of the legal policies related to the establishment of companies in Brazil and foreign investment, with detailed information on the types of company establishments, the selection process, and special provisions concerning foreign investment.

 

Additionally, the training included an introduction to the licenses required for companies engaged in import and export business in Brazil, with insights into application restrictions and processes. The taxation and labor regulations in Brazil were also discussed, providing a comprehensive overview of relevant legal and regulatory aspects. The training session delved into the main categories of Brazilian visas required for Chinese staff and outlined the associated application requirements. To ensure compliance with overseas operations, Attorney Wang analyzed the specific compliance management guidelines for state-owned enterprises in China, based on documents issued by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.

 

After the training sessions, various departments expressed their appreciation for the industry-specific insights and practical legal advice provided. They showed great interest in the potential for long-term collaboration and further in-depth discussions. Attorney Wang commended Xiamen ITG Group's strategic focus on international expansion and its commitment to compliance training, emphasizing that such efforts ensure that every employee, from top to bottom, attaches sufficient importance to overseas compliance management. This approach will help the company smoothly achieve its overseas business objectives and attain even more remarkable performance.

 

Xiamen ITG Holding Group Co., LTD. (Stock Code: 600755) is a state-owned enterprise group affiliated with Xiamen city. It has been listed in the Fortune Global 500, World Brand 500, and Asia Brand 500. The company has ranked among the "Top 500 Chinese Enterprises," "Top 500 Chinese Service Enterprises," and "Top 500 Chinese Enterprises in Foreign Trade." In 2023, the company retained its position in the Fortune Global 500 for the seventh consecutive year, rising to 95th place, an increase of 11 positions. The company's business spans five major sectors: the supply chain, advanced manufacturing, urban construction and operation, consumption and health, and financial services. Xiamen ITG Group is guided by the mission of "Leading the Advantageous Industries, Creating a Better Life." It adheres to core values of "First-class Leadership, Genuine Responsibility, Struggle as the Foundation, and Shared Creation and Sharing." The company promotes a culture of pioneering and is dedicated to becoming a world-class enterprise leading in advantageous industries and contributing to a better life.

 

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