Debt Collection in China
Debt Collection in China

China Clears Final Hurdle for Recognition and Enforcement of Foreign Judgments in 2022

The 2021 Conference Summary enables an ever greater number of foreign judgments to be enforced in China, by making substantial improvements from both the “threshold” and “criteria”.

Debt Collections in China: Why You Need to Know Enforcement Mechanism in Chinese Courts?

If you get a winning judgment or arbitral award, and the property that can be used to repay debts is located in China, then the first thing you need to know is the enforcement mechanism in the Chinese courts.

What Happens to My Debts When a Chinese Company Is Dissolved or Goes Bankrupt?

You can claim debt recovery from its shareholders. Normally, due to the very nature of companies (legal persons), it is very difficult for you to claim debt recovery from a Chinese company’s shareholders. Once the company is canceled, however, you will have opportunities to do so.

Can Foreign Arbitral Awards Be Enforced in China?

Most of the foreign arbitral awards are enforceable in China. In 2019, the foreign arbitral awards are recognized and enforced, with a success rate of 87.5%. In 2018, the success rate is 87.5% too.