ReleaseWire

As China’s tax system grows more complicated the scope to reduce or avoid tax has become considerably smaller. Yet, there are still some opportunities for companies to reduce their overall tax burden. One of these opportunities is the concessions for high technology enterprises. Enterprises that obtain high technology status are entitled to a pref?erential corporate income tax rate of 15%, which is substantially lower than China’s ordinary 25% corporate tax rate. This can obviously lead to significant tax savings for such enterprises. So-called ‘high technology enterprises’ are essentially companies which own independent, core IP rights, and which derive a specified portion of their income from new high technology products. Other requirements include employing of specified numbers of qualified engineers. Tax incentives have helped high technology status to be very popular with businesses in China, and to date approximately sixteen thousand enterprises have been granted certification.

When asked, most people would identify leading red circle law firm Lehman, Lee & Xu with the fields of Intellectual Property, Mergers and Acquisitions or Private Equity. The firm however also has a thriving diplomatic and government relations practice group. “Most people think that missions have diplomatic immunity and have no interaction with local law. This is simply not the case”, relays Andrew Lillis, part of the firm’s diplomatic practice group.

Wang Donghi, IP attorney at leading red circle law firm Lehman, Lee & Xu, has been invited to attend the famous “IP Salon” in 2009. The event, which is organized by the Intellectual Property channel of people.com, IPR. gov.cn and the China IPR magazine will bring together professionals from the field to discuss important legal developments in the field.

Representing the requirements of both multinational companies, and domestic Chinese companies Lehman, Lee & Xu’s highly praised Intellectual Property department, has extensive knowledge and expertise in areas concerning patents, trademarks, and copyright. Our specialist awareness in the field has resulted in Lehman, Lee & Xu being acknowledged and recognized by accolades of awards.

Given the current state of the economy and the rising unemployment rate, many homeowners are facing financial distress and foreclosure. For these homeowners, struggling to make their mortgage payments, the optimal way to save their home is to work out a mutually beneficial payment plan with their lender, or to revise the terms of their original loan agreement in order to make more manageable monthly payments. Unfortunately, banks and lenders have been overwhelmed with loan modification requests and are very difficult to work with.

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While Edward Lehman, Managing Director of leading red circle law firm Lehman, Lee & Xu is no stranger to providing counsel to diplomatic missions and financial institutions, Lehman is also widely recognized as an expert in the field of mining law. “The mining sector in China has developed later than developed countries and the authorities have had to develop laws in a very short time”, states Ed Lehman, Managing Director of the firm, “as one of the longest established law firms we have been at the forefront of legal developments in the field, giving us a unique perspective in this area. Similarly our Mongolia office is the leading firm regarding mining and resource law in that jurisdiction” .

“Red circle” Chinese law firm Lehman, Lee & Xu, which maintains one of the largest corporate-commercial practices in the country, has been invited to hold a workshop at the 6th Annual China Summit organized by China Law and Practice, a conference that will host hundreds of in-house counsels and lawyers from a variety of organizations. “We are glad to have been invited by CLP to speak at the event. We have witnessed a growing public interest toward local Chinese law firms” commented Edward Lehman, managing director of the firm.

Williams Kherkher, a mesothelioma law firm in Texas, has announced the re-launch of its website. The mesothelioma and asbestos attorneys of Williams Kherkher deal exclusively with asbestos lawsuit.

Experts from a wide range of industries gathered together at the China Cleantech Business Forum conference held at the Shangri-La Hotel in Beijing on July 8th, 2009. Lehman, Lee & Xu’s managing director Edward Lehman, head of the Energy & Resources practice at the firm, was satisfied with the results of the conference. He commented that “the fast-growing clean energy and clean technology industry brings in new challenges and opportunities for businesses and law firms. It is our goal to stay ahead of the curve and we believe that networking with the key players is the best way to achieve this end”.

Ed Lehman, Managing Director of leading red circle law firm Lehman, Lee & Xu, has been named as the President of the Asia-Pacific grouping of the Global Advertising Lawyer Alliance.

Attorneys from Lehman, Lee & Xu’s have been asked to present to students from the China School of Business & Law. The program, which gives students from the school the chance to experience Chinese law and culture first hand demonstrates the increasing importance foreign law schools are placing on Chinese law.

While leading red circle law firm Lehman, Lee & Xu has built up a strong reputation in the fields of Intellectual Property and Mergers & Acquisitions, the firm also plays a key role in combating corporate fraud. “Every year billions are lost through corporate fraud,” relays Edward Lehman, managing director of the firm, “and unfortunately a lot of is due to carelessness.”

Attorneys from Lehman, Lee & Xu’s Beijing practice recently presented to students from the University of Minnesota School of Law and Renmin School of Law. The program, which gives students from the University of Minnesota and other law schools the chance to experience Chinese law and culture for a month each summer demonstrates the increasing importance foreign law schools are placing on Chinese law.

While leading red circle law firm Lehman, Lee & Xu is no stranger to providing counsel to multinational corporations and high net worth individuals, the firm is also known for its role in contributing and authoring of legal publications. “Chinese law is still firmly in a developing phase. We feel that our practical experience enables us to play a role in the development of Chinese law from a research perspective”, stated Ed Lehman, Managing Director of the firm.

Philip and Nellie Akalp, founders of one of the first and most successful incorporation service businesses, team up again to launch family-owned CorpNet™, a document filing service to help entrepreneurs easily create and maintain their legal entities with service that is fast, reliable, affordable and guaranteed.

While leading red circle law firm Lehman, Lee & Xu is no stranger to providing counsel to diplomatic missions and financial institutions, the firm is also known for its prominent health sciences practice. “The life sciences sector in China has developed later than developed countries and the authorities have had to develop laws in a very short time”, states Ed Lehman, Managing Director of the firm, “as one of the longest established law firms we have been at the forefront of legal developments in the field and we have been involved in both lobbying for better regulation and have assisted in the development of some of the most important legislative developments in this area. “

Lehman, Lee & Xu is notably pro-active in the area, with its Energy & Resources practice group well-focused on green investment and new and renewable energy projects.

The third largest corporate and commercial Chinese law firm, Lehman Lee & Xu, was invited to the Amcham Shanghai meeting held on July 6th, 2009, with the China Working Group US Congressional Staff Delegation. In attendance was Scott Garner, director of the Shanghai office of the firm, who commented “The event scores a goal in giving members the chance to engage in discussions with the people who directly influence US-China commercial relationships”.

With China’s global presence increasing at a phenomenal rate abroad, and international investment flooding into the country, trademark registration is turning out to be a topic high on the agenda list of any company incorporated in China, be it domestic or international.

The American Citizens Abroad association traditionally places considerable efforts to support the US residential community in China.

With over 5 million page views per year, Net Lawman has become one of the most popular online document shops on the Internet and continues to rank first in terms of quality and service. But it is the strength and loyalty of their customer base that has led to Net Lawman launching their new advertising programme to help other businesses target potential new customers cost effectively.

Many hardworking homeowners are struggling to make their monthly mortgage payments, and are sincerely trying to reach a mutually beneficial agreement with their lenders for the chance to not only stay in their homes but to pay lenders the money owed to them. Unfortunately, today’s economic conditions make reaching to such an agreement, a very daunting task. Jaded by the promises of fly-by-night loan modification companies, and confused by the explanations of attorneys trying to sell their services, many homeowners are left in the dark about the mortgage options available to them. Yet one very solid option that each borrower and lender should at least consider is the Making Home Affordable (MHA) Plan. It has been proven from personal experiences that this program has successfully helped homeowners stay in their homes.

As one of China’s oldest and most well known law firms, Lehman Lee & Xu has been recognized as one of the top trademark firms in China by several intellectual property magazines and is managed by Mr. Edward Lehman, a leading expert on intellectual property and corporate law with 20 years of experience.

RealtyTrac’s annual U.S. Foreclosure Market Report for 2008 indicates that 2,330,483 properties nationwide entered some stage of foreclosure. This would amount to an 81 percent increase from 2007 and 225 percent higher than the total number in 2006. The statistics for 2009 are looking even steeper, and there are no signs of relief in the near future.