On December 2nd, Song Yuxiang, Senior Partner of Shanghai City Development Law Firm (Beijing), was invited to give a lecture on “International Engineering Risk Prevention and Control Practice” for the students of the Master of Engineering Management (MEM) program of the School. The lecture is the sixth in the series of engineering management lectures of the School, hosted by Associate Professor Wang Lei, Director of the MEM program.
Lawyer Song, with rich practical experience and profound theoretical skills, analyzed the current situation and challenges of risk management of foreign contracted projects in the field of the “Belt and Road Initiative”. He pointed out that outsourcing projects is the main part of China’s foreign economic cooperation, accounting for about 3/5 of the total foreign economy. However, due to the low price of contracting, complex transaction mode and grim situation of compliance, Chinese central enterprises are facing a lot of risk management challenges. Starting from political risks, policy and legal risks, commercial risks, local composition requirements, major unfavorable geological conditions, environmental risks, etc., and combining with the actual cases of international projects, he explained the potential threats of various types of risks and the corresponding preventive measures. Based on the deep analysis of the actual cases, he encouraged participants to flexibly design a systematic risk control program in practice with profound experience. Finally, Lawyer Song provided forward-looking and operable suggestions for future international engineering risk control, carried out interactive exchanges with teachers and students, and answered their questions.
Song Yuxiang, Senior Partner of Shanghai City Development Law Firm (Beijing), head of international business, and former legal advisor of a central enterprise international engineering company, is one of the “1,000 foreign involved lawyers in China” selected by the Ministry of Justice of the PRC, one of Chambers and Partners Recommended Lawyers, “Client’s Preferred Lawyer” by ALB China, and one of the “Most Recommended 60 Professional Lawyers in China’s Engineering Law” by Engineering News-Record. He is the member of the Expert Committee of China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), the legal expert of China Association of International Engineering Consultants (CAIEC), China Shipper’s Association, and China Power International Cooperation Union (CPICU), overseas compliance expert of the China Association of Construction Enterprise Management, supervisor of the Master’s Degree of Law at Zhongnan University of Economics and Law, and expert and arbitrator of China International Economic and Trade Arbitration Commission for Construction Engineering.
