The practice of law in the People’s Republic of China can be a challenge for any lawyer working on behalf of companies doing business with Chinese companies.

We recently talked with Owen D. Nee Jr., of Jones Day for a podcast. (Listen to audio).

China now the world’s third-largest economy and the recipient of more foreign investment each year than any other country, can be intimidating.  Its business laws and the practice of deal-making have long been a source of confusion of mystery.

But it doesn’t have to be that way.

Nee told us the failure of many joint ventures is linked to the basic misunderstandings of the deal-making process, which too often occurs because the investor or its lawyer fail to study the applicable legal ground rules.

Nee wrote the new Shareholder Agreements and Joint Ventures in China, and co-authored Mergers and Acquisitions in China with Jingzhou Tao, Partner at Jones Day.  Both titles are part of the new China Law Library from Sweet & Maxwell.