Case study . The CEO of your client, Green Lotus Co. Ltd. with legal seat in Hong Kong, now wants to expand the company's business activities into mainland China. He has discovered that the PRC is a CISG-member state (since 1 January 1988), but has made the following declaration: The People's Republic of China does not consider itself bound by subparagraph (b) of paragraph 1 of article 1 and article 11 as well as the provisions in the Convention relating to the content of article 11.He asks you to comment on the implications for the form of trade agreements to be concluded between mainland Chinese and other parties.
Case study . The CEO of your client, Green Lotus Co. Ltd. with legal seat in Hong Kong, now wants to expand the company's business activities into mainland China. He has discovered that the PRC is a CISG-member state (since 1 January 1988), but has made the following declaration: The People's Republic of China does not consider itself bound by subparagraph (b) of paragraph 1 of article 1 and article 11 as well as the provisions in the Convention relating to the content of article 11.He asks you to comment on the implications for the form of trade agreements to be concluded between mainland Chinese and other parties.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Case study
. The CEO of your client, Green Lotus Co. Ltd.
with legal seat in Hong Kong, now wants to
expand the company's business activities into
mainland China. He has discovered that the
PRC is a CISG-member state (since 1 January
1988), but has made the following declaration:
The People's Republic of China does not
consider itself bound by subparagraph (b) of
paragraph 1 of article 1 and article 11 as well
as the provisions in the Convention relating to
the content of article 11.He asks you to
comment on the implications for the form of
trade agreements to be concluded between
mainland Chinese and other parties.
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