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The regional government gives foreign-invested projects priority in planning,
project approval, provision of capital, construction start-up, establishment
of the business itself and registration.
The regional government protects the legitimate rights of foreign businessmen
according to law. Foreign businesspeople with an interest in a wholly
foreign-owned enterprise or a joint venture may empower friends or relatives
in China to act as their agent regarding that interest provided that they
have legally valid power of attorney; likewise, they may transfer possession
or distribute in succession said interest. When a foreign businessperson
decides to cede his interest to the Chinese Government for compensation
or when the State proceeding from public interest requires the appropriation
of that interest, such actions will be taken through legal procedures
and appropriate compensation given. In disagreements arising during the
performance of a contract or other contract-related disputes involving
a foreign businessperson, the concerned parties should make their best
efforts to seek a negotiated settlement. If any of the concerned parties
refuse the negotiated settlement or if a settlement can not be reached,
the foreign businessperson may petition the Trade Arbitration Committee
of the Tibet Autonomous Region for arbitration. With the consent of all
parties to the contract, application may be made to national or provincial-level
arbitration organizations in China or to international arbitration organizations. |