Restructuring your China business.

In this episode, Mark is joined by Russel Brown from the Acclime Group to discuss restructuring your China business to meet current and future challenges. We will cover downsizing, rightsizing, and closing operations in China.

About the speakers

Russell Brown OBE – Vice Chairman / Partner – Acclime Group

Mr. Russell Brown OBE is Vice Chairman and Partner of Acclime Group, a regional corporate services firm. In 2001 Russell founded LehmanBrown International Accountants, a China‐focused accounting, taxation and business advisory firm employing around 200 professionals. LehmanBrown merged into Acclime Group in 2021. At LehmanBrown Russell was the Managing Partner.

Russell has over 36 years working experience including 27 years living in China and involved establishing and developing businesses in China. Prior to founding LehmanBrown Russell was Global CFO of one of the world’s largest public relations and communications consulting companies and prior to this their Asia Pacific Regional CFO.

He currently acts as advisor to international companies entering the China market and to Chinese companies venturing abroad. He has advised in a wide range of industries and business situations in China and Hong Kong. He is also a frequent speaker at conferences and seminars on cross border taxation, accounting and doing business in and with China and Hong Kong.

He is currently Treasurer of the British Chamber of Commerce in China and Treasurer of the Australian Chamber of Commerce in China. He has previously held various positions including Chair and Vice Chair of the British Chamber of Commerce in China, Vice Chair of the China‐Britain Business Council (CBBC), Chair and Director of the Asia Transformation and Turnaround Association. He is also an Honorary Member of The 48 Group Club.

Russell gained a BA (Hons) in Business Studies from Bournemouth University, is a Fellow of the Chartered Institute of Management Accountants (CIMA) in the UK and a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW). He is also a Certified Global Management Accountant. Russell was awarded an OBE (Officer of the Order of the British Empire) for services to British Business and the British Community in China in Queen’s Birthday Honours in June 2015.

Mark Schaub – Managing Partner King & Wood Mallesons London

Mark Schaub specialises in foreign direct investment, cross border M&A, intellectual property, and private equity investment in China.

He has advised investment projects in a wide variety of sectors including automotive, autonomous cars, consumer, life sciences manufacturing and tech. Transaction sizes have varied from USD 500,000 to over USD 1 billion. He is familiar with China issues faced by companies of all sizes. Since 1993 he has advised on foreign investment projects in all major sectors across China with a cumulative value exceeding US$ 20 billion.

Mark has been lead counsel for clients in acquisitions, M&A projects, outsourcing, OEM contract manufacturing, technology licensing, compliance, restructuring, joint venture disputes, fraud, distribution, as well as day-to-day corporate advice.

Mark lived full time in Shanghai from 1993 until 2018 and joined King & Wood Mallesons in 2000. He was the first foreign lawyer to join our firm. Prior to this, he worked in the Shanghai offices of well-known German and US law firms. Mark has been consistently awarded Asia Law’s “Lawyer of the Year” for corporate work. Since August 2018 Mark has been splitting his time between London, Frankfurt and Shanghai. Mark’s role is to support companies to engage in investment and trade between China and Europe.