Wiggin and Dana Lawyer Quoted in the Hartford Business Journal
Wiggin and Dana Corporate Partner David Schaffer was quoted in the September 3, 2012 Hartford Business Journal article, "China Offers Opportunity, Challenges." The article discusses the increase in Connecticut companies looking for new opportunities to do business in China and the associated challenges.
Schaffer noted that "for a long time China was mainly seen as a low-cost labor source for manufacturing, but the country's expanding economy and middle class is attractive to U.S. companies looking to expand their customer base." While the opportunities for both inbound and outbound investment continue to grow, Schaffer noted the importance of finding trustworthy partners whose interests are aligned. "You might be involved in the same venture as your partner, but have very different goals," Schaffer said. "It's imperative to have local partners you can trust."
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