International Business Game Rules (Revised Version)

Author: Yang Liangyi
Publisher:
Publish Date: 2000-03-01
Features: This is a book I consider very important, dedicated to the youth of the Chinese nation. I hope that after reading it, they will find it helpful in shaping their thinking. In the future, whether in any industry or undertaking any task, they will consider issues more long-term, comprehensively, precisely, logically, and coherently. This book focuses on substantive law, discussing general law, which differs from the procedural law covered in my other two books, International Commercial Arbitration. In this book, my approach is to apply general law as much as possible to practical examples in international commercial shipping. Therefore, it should not be viewed solely as a book about contract law. Indeed, this book does not comprehensively cover all topics in contract law, but it thoroughly addresses the vast majority of issues relevant to international commercial shipping activities. Moreover, I believe that many of the contents are not found even in general contract law books, let alone authoritative works like Chitty on Contracts. It should also be noted that this book does not aim for strict accuracy. I cannot and do not intend to write a Chinese version of Chitty on Contracts. I merely want to outline the broad framework of the "rules of the game" in international business. The reason for doing so is twofold: first, the urgency of time—the 80% of the book's content was written after the publication of International Commercial Arbitration (August 1997). Second, my long-standing sense of crisis. Almost every day in my work, I witness, hear about, or encounter cases where Chinese entities are cheated, with losses ranging from tens of thousands to even hundreds of millions or billions of dollars, and are criticized by foreigners for failing to uphold contractual integrity. Even if China were the richest country in the world, it would face great peril due to relentless losses.