Nigeria | Is Repatriation of Funds Out of Nigeria Possible? (2)
Suffice to say that it is not all debts sought to be recovered that are governed by the policies and legislative instruments on the CCI and TTA.
Suffice to say that it is not all debts sought to be recovered that are governed by the policies and legislative instruments on the CCI and TTA.
China imposes customs duty, consumption tax and value-added tax on goods imported into its territory.
No. Under Chinese laws, it is invalid to serve foreign judgments by mail/e-mail/fax to litigants in China.
Can I sue Chinese companies in Greece and then enforce a Greek judgment in China?
Yes. Just like foreign court summons, foreign judgments also need to be served to litigants in China.
Repatriation is an important aspect of recovering debts for foreign investors or creditors.
China Customs collects and calculate taxes on import and export goods, as well as inbound and outbound articles.
In 2023, a local court in Beijing ruled to recognize a German bankruptcy judgment in In re DAR (2022), marking the second time that Chinese courts have recognized German bankruptcy judgments, and the first time the de jure reciprocity – a new liberal test-being used in the enforcement of foreign judgments in China.
Can I sue Chinese companies in Ethiopia and then enforce an Ethiopian judgment in China?
Under Section 9 (1)(a-g) of the Company Income Tax Act, taxes apply to the profits of all the incomes accruing in, derived from, brought into, or received in Nigeria in respect of any trade or business, rent or any premium, dividends, interests, royalties, discounts, charges or annuities, annual profits, any amount deemed to be income or profits, fees or dues or allowances (wherever paid) for services rendered, any amount of profits or gains arising from acquisition and disposal of short-term money instruments.
The functions of China Customs are to supervise and control the goods and personnel entering and leaving the territory of China.
Can I sue Chinese companies in Egypt and then enforce an Egyptian judgment in China?
This is a way to prevent the shareholders who actually control the company no longer from getting the company profits only while avoiding the company’s debts.
In a traditionally and religiously typified Nigerian setting, there is absolutely no time limit when a debt can be recovered.
China Customs comprises the General Administration of Customs of China (GACC) established under the central government (the State Council), and 42 directly subordinated Customs districts at the local level.
Can I sue Chinese companies in Cyprus and then enforce a Cypriot judgment in China?
A business license(营业执照, Ying Ye Zhi Zhao) is a document proving the legal establishment of a Chinese company.
Under the 1999 Constitution (as amended), the right to own property is guaranteed.