Thinking long term
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clpstaff &clp articlesVincent Mu of Martin Hu & Partners summarises the most important cases of the last 12 months and analyses the latest developments in the CIETAC disputes
China Law & Practice's Annual Review was released at the Awards Ceremony in Beijing this month. Part of the Annual Review comprises insights from leading lawyers. It also includes analysis of the most important news stories of the year. Please click here to view the Annual Review on issuu.
1. From your experience, what types of disputes been most common in the past year? Are there any reasons for the growing emergence of these types of disputes?
We noticed that a large number of disputes involving long-term performance contracts arose during the past year. So-called long-term performance contracts, as opposed to one-off transaction contracts, specifically include long-term supply contracts, long-term distribution contracts and long-term lease contracts.
It is our belief that the increase in these legal actions has clearly been affected by the macroeconomic situation. The slowing down of the economy in China during the past year has made business operators more conservative, with some of them perhaps hoping to recover money by cancelling existing large projects.
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