Mistakes in steel trading, including misidentification of grades and weight mismatches, lead to compensation cases, underscoring the need for precision in purchasing decisions to avoid financial losses.
Can I sue Chinese companies in Singapore and then enforce a Singaporean judgment in China?
In a Shanghai Maritime Court ruling, a Chinese engineering company’s claim of force majeure due to civil unrest in Yemen was rejected, underscoring that force majeure events must directly relate to specific contractual breaches, establishing a crucial legal precedent.
Can I sue Chinese companies in Spain and then enforce a Spanish judgment in China?
Stranded orders, legal maneuvers, and a $450,000 resolution—how one buyer outsmarted pandemic supply woes in a gripping tale of global trade.
The first step in risk management for bulk commodity trade is to proactively address potential risks before entering into contracts. To minimize risks, businesses must adopt proactive measures to lower, avoid, share, and control risks based on different situations.
Can I sue Chinese companies in Italy and then enforce an Italian judgment in China?
Lost contact with your Chinese supplier during a pandemic? Discover how one company revived communication, navigated cost challenges, and secured delivery.
You should conduct due diligence in advance and make the installment payment arrangements reasonable.
In 2016, the Singapore High Court refused to grant summary judgment to enforce a Chinese civil settlement statement, citing uncertainty about the nature of such settlement statements, also known as ‘(civil) mediation judgments’ (Shi Wen Yue v Shi Minjiu & Anor  SGHC 137).
The post focuses on the legal application of installment payments, risk management strategies for delayed payments, the significance of reserving ownership rights, and the impact of market factors on commodity prices.
The case revolves around a soybean cargo damage compensation dispute, which was adjudicated by the Xiamen Maritime Court. It involved multiple foreign parties (from Brazil, Singapore, Liberia, and Greece), the issuance of an anti-suit injunction in the UK, and London arbitration proceedings.
Can I sue Chinese companies in South Korea and then enforce a South Korean court judgment in China?
This post explores the possibility of withholding payment if faced with late delivery from a Chinese supplier and understanding legal options for international buyers.
In international trade, the disappearance of goods at Chinese ports raises questions about the party responsible for the loss. When goods arrive safely at a Chinese port but mysteriously vanish before the customer can claim them, who bears the burden of the resulting losses?
Can I sue Chinese companies in Canada and then enforce a Canadian court judgment in China?
Directors of foreign companies can sign contracts with Chinese counterparts, and the absence of the foreign company’s stamp won’t invalidate the contract, except in cases where specific agreements or the foreign company’s articles of association impose restrictions on the directors’ signing authority.
One of the critical aspects to consider is including provisions that allow you to claim back the advance payment in case the seller fails to deliver as agreed.
If you find yourself in a situation where a Chinese debtor owes you money in a foreign currency like USD, EUR, or JPY, it’s crucial to understand how default interest is calculated in Chinese courts.
Enforcement of default interest awards from foreign arbitral tribunals in China is possible if the arbitration rules give the tribunal discretion to award default interest, and a recent case demonstrates that Chinese courts will support such claims even in the absence of a specific contractual clause on the payment of default interest.