On Oct 20th, 2016, “Conference on Legal Risks and Countermeasures of International Investment and Trade” kicked off in Beijing, which was hosted by China Law Society, and organized by WTO Law Research Society of China Law Society and China Legal Exchange Centre.
Nearly 200 legal and business representatives from 24 countries in China, Asia, Africa and Europe attended the Conference. In the opening ceremony five honored guests made speeches. They are Executive Vice President of China Law Society Mr. Chen Jiping, WTO Appellate Body Chief Judge Ms. Zhang Yuejiao, Assistant Director-General For Africa of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Mr. Firmin Matoko, Director General of Cameroon National School of Administration and Magistracy Mr. Linus Mendjana, Vice President of International Academy of the Belt and Road (IABR) and Member of Hong Kong Legislative Council Dr. Leung Mei-fun, SBS, JP.
Meantime, Vice President of IABR and President of Hong Kong Commerce and Industry Associations Dr. Lee Yuk-lun, JP was also invited, on behalf of Hong Kong business community, to be a chairman of the discussion section of “Legal Risk Control for China Overseas Investment”. This section was to explore what kinds of overseas investment risks Chinese enterprises would encounter and how to effectively prevent and control the risks, to secure the rights and interests.
Dr. Leung shared her experiences of studying Chinese Law in Beijing and teaching in City University of Hong Kong, and emphasized the opportunity is for those who are prepared, and Hong Kong should have national and international perspectives. Seize the opportunity, and hand in hand with Mainland China to achieve win-win cooperation.
Dr. Lee said that in the past two years, a large number of Chinese enterprises invested overseas. According to Bloomberg data, the amount of the merger and acquisition in the first half of 2016 has surpassed the total amount in whole year of 2015. Although Chinese overseas investment has been common, in fact is not all smooth sailing. Dr. Lee believed it is necessary for government and enterprises to deeply study the legal policies of target countries, to avoid overseas investment barriers and hope China could strengthen judicial exchanges and cooperation with countries along the Belt and Road, making efforts for the better vision of the Belt and Road.