News

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On July 8, 2023, the "International Business Compliance Forum" was successfully held in Wuhan University. Lance Wu, Lead Partner of Compliance and Security of Beijing Vision & View Law Firm, delivered a keynote speech on the topic of "Build a safety net for enterprises' global investment and operation".

Combining his own experience and typical cases of Chinese enterprises' international compliance work, Lance Wu pointed out that "risk identification" is the key and prerequisite for enterprises' global operation compliance. He believed that the safety net for global investment should focus on risks including foreign-investment security review, export control, and economic sanctions.

Lance Wu used vivid cases complemented with systematic legal compliance experience, to demonstrate the common risks of Chinese enterprises' global investment and the experience of identifying these risks, as well as methods used to formulate tactics to prevent these risks with strategic thinking. In particular, he emphasized that companies need to manage investment activities through Total Process Management and Delicacy Management, and use legal instruments with dynamic business thinking to cope with possible compliance risks.

The forum, jointly organized by Wuhan University Academy of International Law and Global Governance, Dow Jones & Company, Hand Enterprise Solutions Co., Ltd and Dentons Law Firm, invited eleven experts from well-known law firms, world-class enterprises, and national think tanks to give keynote speeches. Many industry professionals also participated in the forum, and their common goal was to reduce the risk of international operation of Chinese enterprises and enhance their competitiveness. At the same time, the forum paid attention to solve the major legal problems faced by Chinese enterprises in transnational operations, so as to alleviate the difficulties of Chinese enterprises in carrying out foreign trade and financing activities.