However you approach regulatory compliance in China, one overarching condition remains certain for the foreseeable future. That is, judicial review of regulations (as opposed to judicial review of case-specific administrative actions) is not available in China. As such, clarity of regulations will only come from the concerned regulatory agencies themselves. The P. R. C government at all levels has made substantial progress towards transparency and accountability, but challenges remains in terms of seeking reliable interpretations of regulations through formal and open channels.
ABW is cognizant of the progressive reality of the regulatory regime in China. Professionals at ABW not only guide private clients in adapting to the changes, but also participate in the establishment and reform of certain regulatory systems by way of providing consultancy to government agencies. ABW also works closely with industry experts in crafting cost-effective compliance programs.
Foreign invested enterprises or foreign representative offices in China are increasingly pressed to localize their ways of doing business at the level of documentation. The most basic example is that a company seal is the standard way to execute a contract in China while many non-Chinese firms do not even have a company seal back in their home countries. Certain general terms and conditions on form contracts have no applicability in China other than creating confusion or annoyance. As Chinese business community becomes increasingly sophisticated and assertive,ABW professionals, leveraging cross-disciplinary expertise and industry experience, regularly assist foreign businesses to convert their standard business documentations to be locally acceptable in China.
