If a military conflict over the Taiwan Strait occurs, in addition to the resulting global instability, a host of complex legal issues will need to be confronted. Supply chain and other contractual relationships will be immediately impacted. Given Russia's invasion of Ukraine, and the announcement of the "no-limit" close relationship between China and Russia, this eventuality should no longer be viewed as remote or hypothetical. The impact of such a conflict would be further complicated by the ever-evolving situation in Hong Kong, a major center for international finance and disputes resolution. International businesses and their attorneys would be well served by considering now the substantive and procedural challenges these matters present.