Just in time for the holidays, the China Law Blog (previously) rounds up the three most common scams in China that target foreign firms: "Come to China and celebrate our deal" (foreign business person concludes a deal, goes to China, and is roped into paying for a banquet, gifts for the Chinese company boss, and filing fees -- there is no deal); "New bank account" (foreign business is told that an existing supplier has changed banks, wires payments to a fraudster); "Fake company" (a fraudster offers to register copyrights/trademarks/patents in China and just disappears with the cash -- or strings along the mark for ever-larger sums, concluding with fake evidence of registration that leaves the target company vulnerable to future counterfeiting).
The computer networks of many Chinese companies are not secure. The networks are subject to abuse by employees of the Chinese company and by outsiders. This means that you can NEVER trust an email communication from a Chinese company. Email is inherently insecure in China and you never know with whom you are really dealing when engaging in electronic communication with Chinese companies.
Chinese companies tend to be very loyal to their banks and so you should view with extreme suspicion any request to make a change in the payment bank. You should not even consider following such a request unless the request is made in writing on a revised purchase order stamped with the company seal. Even in that case, it is important to contact someone you know in the company with supervisory authority to ensure that the request is valid. Email requests to make a change should be ignored, but the request should be forwarded to your trusted Chinese company contact for an explanation.
China Scams: Our Annual Holiday Edition [Dan Harris/China Law Blog]
Ukraine is asking United States FBI to help it investigate a suspected state-sponsored hack by the Russian military on Burisma, the Ukrainian energy company at the center of the impeachment of U.S. President Donald Trump.
The U.S. Labor Department Bureau of Labor Statistics (BLS) today announced changes to BLS economic data “lockup” procedures that involve removing a number of legacy computers from its Washington newsroom, effective March 1. There has been controversy around whether the change initiated today by the federal government under Donald Trump may have been aimed at […]
In Israel on Thursday, a court ordered closed-door hearings in the legal bid by Amnesty International to stop the global export of NSO Group surveillance software, which Amnesty and other human rights groups say is sold to autocratic regimes around the world to spy on journalists and dissidents, and target them more efficiently for imprisonment […]
We’ve all got a perfect website in our minds. In the past, the problem has been the barrier of language – specifically, the computer languages used to create those glittering, animation-filled pages you flock to. Now, Mac users have an alternative. Blocs 3 is a website builder that can provide an easy visual interface for […]
You can do all the pre-workout stretching in the world, but that doesn’t mean you’ll escape stiff muscles and nagging pain after a particularly grueling gym session. When those knots and their accompanying aches and soreness start barking, your options usually boil down to either a deep tissue massage or just grinning and bearing it. […]
Spring doesn’t officially start until March, but you might want to start your spring cleaning a little early in the office supply closet. You’re going to need the extra space. HP is holding a massive “Back to Business” sale on a vast array of its gear. And when we say “gear,” we’re not talking about […]