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Global M&A: Know the differences btw PRC & foreign law contracts

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作者/编者: Yong Kaichang and Jackie(Jiahe) Yu 作者单位: 金杜律师事务所
学科分类: 商法学 类型分类: 综合
创作年代: 2018 所属机构: 金杜律师事务所
出处/来源: 金杜律师事务所 文献语种: 英文
发布时间: 2020-11-10 10:37:22
外部链接: https://www.chinalawinsight.com/2018/08/articles/pe/global-ma-know-the-differences-btw-prc-foreign-law-contracts/

摘要/简介Abstract

In cross border transactions, there is sometimes a misconception amongst both PRC and foreign parties that all contracts are by and large the same, whether governed by PRC law or foreign law, and that the key to a good contract is just proper drafting. Whilst it is true that the key to a good contract is good drafting backed by proper experience and expertise, different legal systems have inherent conceptual differences and as such, there are fundamental differences between PRC law-governed contracts and foreign law-governed contracts. These differences affect the interpretation, construction and adjudication of a contract – and will impact parties’ rights, obligations, remedies and liabilities under it. This article briefly compares some key general differences between PRC law-governed contracts and common law-governed contracts.

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