Company A is the owner of an infrastructure project and Company B is a construction company. Company A invites bids for the construction of the project and Company B submits the winning bid, which is accepted.
However, after Company A issues its letter of acceptance to Company B but before the parties officially execute a construction contract, Company B demerges to become Company B1 and Company B2, and informs Company A that Company B1 will be executing the contract.
Partner
Dacheng Law Offices, Beijing
Company B2 succeeds to the name of Company B and Company B1 uses a new name, but Company B2 refuses jointly to execute documents with Company A and Company B1 confirming that it bears joint and several liability toward Company A for the obligations of Company B1 under the contract.
Xu Haiyan is a partner at Dacheng Law Offices in Beijing.
大成律师事务所 — 北京总部
北京市东城区东直门南大街3号国华投资大厦12-15层
12/F-15/F, Guohua Plaza
3 Dongzhimennan Avenue, Beijing
邮编 Postal code: 100007
电话 Tel: +86 10 58137128 (Ma Jiangtao)
电话 Tel: +86 10 58137216 (Xu Haiyan)
传真 Fax: +86 10 58137788, +86 10 58137766
电子信箱 E-mail: jiangtao.ma@dachengnet.com; haiyan.xu@dachengnet.com
www.dachengnet.com
