Decoding the Turning Point: A Closer Look at China’s Recognition of Japanese Bankruptcy

This follow-up article focuses on the Chinese Court’s detailed review of the Shanghai International Corporation case in 2023, highlighting the significance of reciprocity in cross-border bankruptcy proceedings and underscoring China’s evolving approach to recognizing foreign judgments (See In re Shanghai International Corporation (2021) Hu 03 Xie Wai Ren No.1).

Case Analysis: Freight Forwarding Fees Dispute Amidst Civil Unrest

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.