Professor Denis Galligan and Dr Ying Yu have been invited to speak about OBOR legal issues at the upcoming 2016 World Chinese Economic Summit (WCES) from 16-18 November in Malacca, Malaysia. The 8th WCES themed "China-ASEAN: Realising Opportunities, Strengthening Partnerships" will cover a wide range of topics including the OBOR initiative, women and young entrepreneurs, corporate philanthropy, regional partnerships, education and training, and urbanisation and infrastructure development.
This year's invitation follows the same from previous years; Professor Galligan and Dr Yu were invited as guests to the 7th WCES which took place in London, UK. The 2015 forum explored "China’s bold New Silk Road initiative, the cornerstone of its new political and economic strategy."
As an invited speaker of the 6th WCES in Chongqing, China, Dr Yu addressed OBOR legal issues at the 2014 forum titled "Maritime Silk Road - Enhanced Connectivity, Logistics, and Supply Chain."
Dr Yu stated that the European legal systems are stringent: not only do EU member states have their own laws, but there is also a different set of laws for the EU as a whole. The protection EU law offers consumers is more strict than that in China. Chinese entrepreneurs face serious legal risks when they enter into cross-border transactions. As some Chinese firms may not have a good grasp of the complex European legal system, such legal risks may ultimately lead to heavy economic price for some companies as a result of failed collaborations. Therefore, in order for Chinese firms to successfully enter and operate within European markets, they must conduct in-depth research to fully comprehend the laws of the EU member states in question as well as of the EU itself, so as to make full use of the relevant rules and regulations to protect their interests.