The FTC rules may fundamentally change the way website Operators do business and advertise online. By LaVerne Woods Private foundations will soon be required to provide copies of their annual IRS Form 990PF information returns to anyone who asks, under new proposed Treasury regulations. The Form 990PF reveals the foundation's grants, the names and addresses of its contributors, and a great deal of financial information, as well as any compensation paid to officers, directors and trustees. As foreign companies increase the sale of their products in China, the potential for claims based on product defects increases. Claims based on contracts between foreign sellers and Chinese buyers are already a routine part of business with China, and Chinese consumers are making a growing number of claims against domestic retailers and manufacturers.
Chinese laws are now in effect that give Chinese consumers the legal basis to bring their claims.
The purpose of this article is to describe Chinese product liability law and to offer some suggestions concerning managing the potential liability.