The Arm China CEO went rogue and spun it off as its own company. ARM HQ were unable to fire him, as he had physical possession of the company's seal stamp. Reading between the lines, the Chinese government chose not to intervene for multiple years.
This stuff constantly happens to foreigners in China and just seems to be mostly due to having bad local legal teams. If your CEO can run off with the company stamps and screw you over.. then it just sounds like amateur hour and you have no idea what you're doing.
The legal system there is fundamentally very bureaucratic - there are rules, but they're very different from the West. You need local help - and a lot of it. You see similar bureaucratic insanity in Japan, though I'm guessing there is just a lot more legal infrastructure for guiding foreign companies there.
If it’s constantly happening, does that sound like an attractive market to work in? I’m very open to the idea of companies screwing up, but day-to-day operations shouldn’t look Kafkaesque.
