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Business with China overcomes legal differences

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Vincent

Over the past 15 years, Brazilian law firms, particularly those specializing in corporate and tax matters, have witnessed a growing interest from Chinese companies seeking to engage in business within the country. Legal experts in Brazil have cultivated specialized knowledge in this domain. Thiago Vallandro Flores, a partner in the finance department at Dias Carneiro Advogados, with nearly two decades of experience working on contracts involving Chinese companies, notes that the Chinese anticipate a higher level of expertise when engaging with Brazilian lawyers.Mr. Flores highlights cultural differences, emphasizing that the Chinese place value on closer interactions with senior professionals, and he notes variations in decision-making processes that can sometimes lead to differing expectations about deadlines.Nick Beckett, a partner at CMS in China, observes the evolution of China’s legal system since the founding of the People’s Republic of China in 1949, stating that it has become more sophisticated and "comparable to Western systems." Aldo de Andrade, senior lawyer at BYD do Brasil, acknowledges "undeniable differences in legal systems," emphasizing the challenge of establishing clear communication between the legal and doctrinal systems of two economic powers.Due to these distinct legal cultures, Mr. Andrade emphasizes the necessity of developing strategies with partner firms to elucidate Brazilian legislation guidelines, particularly concerning labor laws and the recent tax reform. Paulo M. Focaccia, a partner at FAS Advogados collaborating with CMS, underscores opportunities for bilateral business in sectors like power...

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