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.
Can I sue Chinese companies in Australia and then enforce an Australian court judgment in China?
When confronted with a situation in which the Chinese seller in a steel trade contract seeks to terminate the agreement or increase prices due to their supplier raising costs, several essential steps can be taken to address the issue.
The costs of translation, notarization and authentication of the application documents are borne by the applicant itself.
Chinese courts can serve you with the court papers by electronic means, such as e-mail, as long as you have so agreed and it is not prohibited by your country.
Preventing the purchase of old or substandard steel products in the steel trade requires implementing a comprehensive quality control process and due diligence measures.
Can I sue Chinese companies in the UK and then enforce a British judgment in China?
This post delves into the workings of deposit account services in the context of international steel trade and highlights the benefits they offer to both buyers and sellers.
The answer is YES. If a judicial administrator, liquidator or bankruptcy administrator has been appointed for you by a court or other competent authorities in your country, such administrator will represent your company in litigation in China.
Can I sue Chinese companies in New Zealand and then enforce a New Zealand judgment in China?
This guideline provides a comprehensive framework for buyers to perform due diligence on Chinese sellers before committing to contracts or making advance payments. It address common red flags such as customer complaints, fraudulent companies.
Can I sue Chinese companies in South Korea and then enforce a South Korean judgment in China?
Because it is fair to both sides.
Carrying out a pre-shipment inspection in the steel trade with China is an essential practice to ensure the quality, quantity, and compliance of goods before they are shipped.
There are five types of Special Customs Supervision Zones (SCSZs) in China, including integrated free trade zones, free trade zones, export processing zones, cross-border industrial parks, and bonded port zones. As of the end of December 2022, there are a total of 168 SCSZs in China.
Carrying out inventory inspections in the trade with Chinese steel traders is a crucial step to ensure the accuracy and quality of the goods involved. Here are the steps to successfully conduct an inventory inspection.
Can I sue Chinese companies in the United States and then enforce a US judgment in China?
Not every Chinese company is eligible to export cars. Only companies that have received qualifications from the Chinese government are permitted to engage in car exports.
China allows repairs to be carried out within comprehensive bonded zones.
