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The Reality of Dealmaking Amid Competing US-China Sanctions
January 14, 2022 | BY
Vincent ChowWith the entrenchment of reciprocal US-China sanctions and export controls in the past year, counsel have helped clients enact fundamental changes to their approach to making deals, from contractual terms to due diligence
Summary
- China's burgeoning sanctions regime emboldening Chinese parties in contractual negotiations
- One-sided terms favoring foreign parties no longer feasible
- Traditional global compliance strategies unable to keep up with competing compliance requirements
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