When Wei Hanyu was buying media articles.

Chen Yiyang was finalizing the last contract details with the Marco Clan.

Wang Lijun and several Portuguese translators, as well as related lawyers, were carefully confirming each contract clause on the side.

"When doing business abroad, the local laws must be understood very thoroughly, never apply domestic common sense here."

Wang Lijun continued to impart his business experience in Brazil to Chen Yiyang.

"There are two points, in particular, that must be noted.

First, there is no concept of a legal representative in Brazil, so the legal representative cannot control the company.

Second, the official language of Brazil is Portuguese, so all contracts must be based on the Portuguese version. For example, what is commonly called a board of directors in domestic terms has two versions in Portuguese.

One is similar to a supervisory board, responsible only for voting on very important matters, while the other is similar to a board of directors combined with a legal representative, or can be called a management committee. This is the truly controlling body of the company.

Furthermore, as per Brazilian law, all board resolutions must be written in Portuguese and registered with the company registration department to have legal effect.

So, even if you hold a board meeting, you must remember to register afterwards, otherwise all the resolutions from that board meeting are invalid."

"Uncle Wang's words are really seasoned." Chen Yiyang always felt as if Wang Lijun was discussing something in a conference when saying these words.

"I used to work at Fupeng Company, these are lessons learned the hard way." Wang Lijun sighed.

Chen Yiyang checked and found that Fupeng Company is a domestic company in the household appliance industry.

Back then, realizing the potential in the Brazilian home appliance market, they went to Brazil to find a business partner to expand their operations.

As a result, because they didn't hire enough people knowledgeable about Brazilian laws, they were cheated by their partners.

The local partners exploited Fupeng Company's ignorance of local laws, and directly altered the Portuguese version of the company board of directors to a supervisory board, while they established another board to control the company.

By the time Fupeng Company discovered it, the whole company had been emptied out.

A large amount of profit had been turned into accounts receivable, and in reality, no money was received.

Moreover, many of the payers in these accounts receivable had already gone bankrupt, making debt collection impossible.

After the joint venture of Fupeng Company in Brazil went bankrupt, Wang Lijun then turned to being an independent import and export trader.

Fortunately, on Chen Yiyang's side, both Biya and Aiya have very mature teams in Brazil to help Chen Yiyang deal with these issues.

Moreover, the Marco Clan is bound with other interests with Chen Yiyang, so they had no ulterior motives.

Otherwise, it would have been a mess.

In reality, although Brazil has a huge market, doing business there is truly not easy.

In the global business complexity index ranking, Brazil has always been among the top three, occasionally topping the list.

This is mainly because Brazil is one of the jurisdictions with the most frequent changes in laws or taxes annually, requiring multinational companies doing business there to pay attention to relevant regulatory changes each year.

Additionally, France often ranks second on this list.

France is on the list because its taxes are extremely complex, almost everything is taxed, including water taxes, jewelry taxes, advertising taxes, etc.

Even the smallest companies have to pay about ten kinds of taxes and fill out separate documents.

Overall, however, the process of Chen Yiyang establishing the Bayang subsidiary went very smoothly.

But this did not improve Chen Yiyang's mood.

Because as soon as he went online, he found that domestic media was starting to attack him again.

"Changcheng Company's business in Brazil faces malicious competition from domestic companies"

"How to view a small car company that has not even produced a single car successfully squeezing out Changcheng and Mercedes-Benz in Brazil"

"Borrowing domestically, throwing money abroad? Who is sabotaging the business environment of outbound companies?"

These pieces of news were all targeting Chen Yiyang.

Chen Yiyang looked through them and found that the news mainly talked about one thing.

That is, the matter of Chen Yiyang squeezing out Changcheng Company in Brazil and buying the Yiboli Automobile Factory was behind Chen Yiyang taking out a large bank loan domestically, then going to Brazil to bribe local officials, and finally using a price double the market rate to squeeze out Changcheng and buy the Yiboli Automobile Factory.

This was blatant slander and attack.

It was even more severe than Changcheng's previous slander against Chen Yiyang.

These articles subtly suggested that Chen Yiyang borrowed money domestically and ran abroad to move assets.

And this issue is actually one that has been a focal point from top to bottom in the country in recent years.

Changcheng used this point to slander Chen Yiyang, intending to pursue it relentlessly.

"Do we have state media with branches in Brazil?" Chen Yiyang went to find Wang Lijun to inquire about this.

"Yes, we do." Wang Lijun said, "However, these state media are directly under the state, very hard to hire."

"I'll find a way to contact them. You notify the Marco Clan, let's hold a press conference regarding the Yiboli Automobile Factory matter first."

A day later.

Chen Yiyang and the Marco Clan, along with Biya Group, formally held a press conference, announcing that the Marco Clan would sell the Yiboli Automobile Factory to Yiyang Automobile for one US Dollar to establish a joint venture company.

After the press conference, Chen Yiyang accepted an interview with the state media.

This state media was invited through Chen Yiyang's connections, so there was basically no prior communication of the interview details.

Chen Yiyang also indicated that all questions related to the Yiboli Automobile Factory could be asked.

"As far as we know, the Sao Paulo City Government and the Marco Clan had already decided to sell the Yiboli Automobile Factory to Changcheng and Mercedes-Benz Company before.

Why did they change their minds and decide to sell the factory to Yiyang Automobile, which was only recently established, after you came to Brazil?" The reporter posed the first question as soon as they saw Chen Yiyang.

"Because I persuaded the Marco Clan and Sao Paulo officials."

Chen Yiyang directly answered, "I told the Marco Clan that over the years, Europe and America manufacturers have sold many, many cars in Brazil, but Brazil has not developed its own automotive industry.

If Brazil only relies on cooperation with those Europe and America manufacturers, it will be completely exploited. But Yiyang Automobile is different; our youth is our advantage, and we will choose to grow together with Brazil's automotive industry.

If in the future Yiyang Automobile becomes a world-leading brand, then Yiyang Automobile's factory in Brazil will also become a world-class automotive factory.

We hope to have a relationship with Sao Paulo as Tesla did with Tesla's automotive manufacturing plant in Shanghai. Ultimately driving the development and rise of the entire surrounding industry."

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