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Home > Country profiles > China > Articles > Article detail

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Chinas Belt And Road Initiative: Opportunities But Some Risks!

Tuesday, 22nd May 2019

"China's Belt & Road Initiative (BRI), now heading into its 7th year, is a hugely ambitious undertaking by China and participating nations; with the aim of greatly improving regional connectivity, facilitating trade and mutual understanding in the regions.

As the International Monetary Fund (IMF) puts it, the "BRI has great potential for China and participating countries. It could fill large and long-standing infrastructure gaps in partner countries, boosting their growth prospects, strengthening supply chains and trade and increasing employment." With so much work to be done, opportunities for commercial parties from China and the rest of the world are plentiful.

However, with increased cross border transactions comes the higher risk of disputes occurring. Parties to an agreement to a BRI project are most likely to hail from different countries, raising further difficulties regarding lack of familiarity with foreign laws and regulations, along with other customs of the land. We highlight the areas of risk that commercial parties may face, and how to navigate these risks with the guidance of experts and professionals; and indeed if disputes do arise, how to be best placed to resolve them."

Read in full: 

Source: Clyde & Co
Language: English
Contact: Peter Hirst and Mun Yeow

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