Zhang Yu

JeniZhang13@163.com

HOSTED by China Collaborative Group (CCG), a multinational consulting team of global advisory firm Horizons Corporate Advisory, a seminar dedicated to introducing corporate advisory solutions designed for the Belt and Road Initiative was held at Four Seasons Hotel, Shenzhen yesterday.

The seminar saw 17 seasoned legal experts from 15 countries share their professional knowledge on subjects concerning cross-border investment and transactions, business negotiation, as well as strategies for avoiding disputes when doing business in foreign countries.

In an interview with Shenzhen Daily, Lucia Myriam Netti, regional partner of Horizons Italy, has shared her observations on the important aspects for Chinese enterprises to consider when venturing abroad.

“First of all, it’s important for them to organize and build their core business model, for example, which kind of company is better to set up. It’s better to proceed with a simple model with well-organized corporate governance.

“After this, it’s very important to choose a management team. In this case, in Europe and any other country, it should be a project to seek professional help to assist them.”

In a speech delivered by Astrid Dorfmeister, a lawyer from Spanish law firm Dorfmeister & Partners, the key players in cross-border transactions were outlined in detail.

According to her, as cross-border transactions often involve multiple parties, it is of great significance to handle the relationship between the guarantor, lawyer and the seller with care when reaching a consensus in the transaction.

In addition, it is recommendable to have a local lawyer, who can play an active role in facilitating legal procedures and coordinating between all parties, participate in all the negotiations and consultations.

As an advisory service team comprised of specialized business and legal experts from home and abroad, CCG aims to provide legal and tax solutions to Chinese enterprises and help them achieve market advancement under the Belt and Road Initiative.