Inherit Estates In China

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  • Capital Contribution Liability In China - Special Or General Cosmetics – Landing

    Capital Contribution Liability In China - Special Or General Cosmetics – Landing

    I.Special or General Cosmetics Under the New Regulations, cosmetics are divided into two groups: special cosmetics and general cosmetics. Different rules are designed for them. According to Article 16, Special Cosmetics refer to those used for hair dying, hair perming, hair loss prevention, sun screening, and spot removal & skin lightening or products that claim a new function. Other than these Special Cosmetics, the rest are all General Cosmetics, including toothpaste that is now for the...
  • Best Legal Services Criminal Case Attorney - Limit Availability of Mortgage Loan – Landing

    Best Legal Services Criminal Case Attorney - Limit Availability of Mortgage Loan – Landing

    Most people buying properties in China take out a bank mortgage loan to finance their purchase. Indeed, much of the property market bubble is blown big by easy access to financing. The new policy provides: (1) only those families that don’t have any local home and don’t have any mortgage loan records can now buy their first home (ordinary or luxury) with up to 70% mortgage loan; (2) families that have no local property but have record of mortgage loan (referring to one of the family members havi...
  • China Legal Services China Family Law Firm - For Corporate Clients/Businesses – Landing

    China Legal Services China Family Law Firm - For Corporate Clients/Businesses – Landing

    As a relatively small team, we don’t boast about comprehensive, full-blown legal services, rather, we want to highlight our focuses and strengths where we can do better than others. 1. Foreign Direct Investment in China We help foreign investors with making their initial business presence in China by setting up their business entity in China, including representative office, business branch, Sino-foreign joint ventures (equity JV or contractual JV), WFOE (wholly foreign owned enterprise), pa...
  • Lawyers Foreign Executors And China Estates - Forms Of Will Under China Inheritance Law – Landing

    Lawyers Foreign Executors And China Estates - Forms Of Will Under China Inheritance Law – Landing

    I. Forms of Will under China Inheritance Law You may have read a post on this blog about making a will in China. Proper form of a will is critical for establishing its validity. Five forms of wills are set out in China Inheritance Law, or China Succession Law (effective as of October 1, 1985): notarized wills, wills written by testator, wills written on behalf of testator, sound-recording wills and oral wills in emergency. In practice, the first three forms are often used and disputed. 1.Notari...
  • China Divorce Law Firm - Our Focus on Use of Corporate Seal in China – Landing

    China Divorce Law Firm - Our Focus on Use of Corporate Seal in China – Landing

    Many are questioning how a big company like Tencent could allow this fraud to have happened to them. Tencent must have a strong legal team to weed out such mistakes. They should have spotted that the seal may not be genuine. The use of seals is pervasive and prevalent in China all sectors of society from governments to businesses. It is rather a cultural phenomenon. For a general understanding of the legal implications of a corporate seal in China, please refer to our past post: the-legal-imp...
  • China Lawyers Litigation Criminal Law Advice - Right Of Residence – Landing

    China Lawyers Litigation Criminal Law Advice - Right Of Residence – Landing

    1.What Assets Can Be Covered Under China Marriage Law (to be replaced by the Marriage and Family chapter in China Civil Code), the parties to such agreements can include therein their assets owned by each of them acquired or earned before and after marriage. They have the freedom to turn their pre- marriage personal assets into community properties throughout their marriage. 2.What Ownership Can Be Taken Property ownerships in China are pretty straightforward: single-owner ownership and concu...
  • Best Law Firms Criminal Court Case - Quotation Of Original Provision In Chinese And English Translation – Landing

    Best Law Firms Criminal Court Case - Quotation Of Original Provision In Chinese And English Translation – Landing

    First, right of residence is a right in real properties, and to be more specific, a right created in residential properties only. Article 366 of China Civil Code, one of the provisions regarding usufructuary rights, defines the right of residence as follows: Article 366 An owner of right of residence is, pursuant to the terms of contract, entitled to a usufructuary right of possessing and using the residential properties of others for purpose of satisfying the need of residence in life. Quotati...
  • China Legal Services Tax Credit In China - Quotation Of Original Provision In Chinese And English Translation – Landing

    China Legal Services Tax Credit In China - Quotation Of Original Provision In Chinese And English Translation – Landing

    First, right of residence is a right in real properties, and to be more specific, a right created in residential properties only. Article 366 of China Civil Code, one of the provisions regarding usufructuary rights, defines the right of residence as follows: Article 366 An owner of right of residence is, pursuant to the terms of contract, entitled to a usufructuary right of possessing and using the residential properties of others for purpose of satisfying the need of residence in life. Quotati...
  • 2020 High quality China Family Law Solicitors Consultation - China Law Implications for Achieving the Holding Structure – Landing

    2020 High quality China Family Law Solicitors Consultation - China Law Implications for Achieving the Holding Structure – Landing

    businessmen quickly learned to set up their own offshore company (in offshore jurisdictions like BVI, Bermuda and Cayman Island) that will come back to China as foreign investors so as to enjoy those favorable treatments available. This trick has been widely adopted and China governments are no fools and started to scrutinize and regulate such fake foreign investments, mainly by virtue of foreign exchange control. To appreciate the matter, one shall know that China has not allowed its citizens ...
  • China Legal Services Litigation Inherit Estates In China - China Law Implications for Achieving the Holding Structure – Landing

    China Legal Services Litigation Inherit Estates In China - China Law Implications for Achieving the Holding Structure – Landing

    businessmen quickly learned to set up their own offshore company (in offshore jurisdictions like BVI, Bermuda and Cayman Island) that will come back to China as foreign investors so as to enjoy those favorable treatments available. This trick has been widely adopted and China governments are no fools and started to scrutinize and regulate such fake foreign investments, mainly by virtue of foreign exchange control. To appreciate the matter, one shall know that China has not allowed its citizens ...
  • Law Firms Property Sale Contract In China - Should I Write A Separate Will For My China – Landing

    Law Firms Property Sale Contract In China - Should I Write A Separate Will For My China – Landing

    Discussion of this question on the internet is a lot for our western peers as their clients have such headache long time ago. Much discussion is undertaken from general perspective, and the mainstream view is that a separate will for foreign assets is preferred. While this separate approach may prove true in many cases, it may not be true all the time. The purpose and goal of answering that question is to find the best course of action to deal with the foreign assets after the death of the tes...
  • Best Legal Services Testamentary Trusts In China - Quotation Of Original Provision In Chinese And English Translation – Landing

    Best Legal Services Testamentary Trusts In China - Quotation Of Original Provision In Chinese And English Translation – Landing

    First, right of residence is a right in real properties, and to be more specific, a right created in residential properties only. Article 366 of China Civil Code, one of the provisions regarding usufructuary rights, defines the right of residence as follows: Article 366 An owner of right of residence is, pursuant to the terms of contract, entitled to a usufructuary right of possessing and using the residential properties of others for purpose of satisfying the need of residence in life. Quotati...