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cjoglobalcontributor

Investors of China’s Bonds: Go Ahead and Sue As Your Foreign Court Judgement Can Be Enforced in China

If there is a default on the bonds whose debtors or guarantors are based in mainland China, you can initiate an action before a court outside China and enforce the judgment in China.

Is CISG Automatically Applicable in China?

The answer is YES, as long as the international sales of goods contracts are concluded between parties whose places of business are in different Contracting States of the United Nations Convention on Contracts for the International Sale of Goods (the “CISG”). In such cases, the Chinese courts shall apply the Convention automatically.