In 2021, the Superior Court of Washington for King County ruled to recognize a judgment of a Beijing local court, marking the first time for a Washington state court, and the sixth time for a US court, to recognize and enforce Chinese monetary judgments (Yun Zhang v. Rainbow USA Investments LLC, Zhiwen Yang et al., Case No. 20-2-14429-1 SEA).
The most common reason for an unsuccessful collection attempt is when the debtor has no asset at all, or transfers its assets to another third persons in order to avoid seizure.
No, there is no need for the creditor to be physically present in person to bring proceedings locally.
Most civil and commercial foreign judgments can be enforced in China, except for those relating to intellectual property, unfair competition and anti-monopoly disputes.
Because it can help you accurately identify your debtor.
If your product will enter the Chinese market sooner or later, you’d better register your trademark in China.
In 2022, Guangzhou Intermediate People’s Court of China ruled to partially recognize and enforce three EB-5 visa fraud-related judgments rendered respectively by the US District Court for the Central District of California and the Superior Court of California, County of Los Angeles.
You can check or verify the basic information of Chinese companies on this official platform via the link (http://www.gsxt.gov.cn/index.html). The information here is the most authoritative and timely.
You need to understand the threshold and criterion for the enforcement of foreign judgments in China. If your judgment can pass the threshold and meet the criterion, you may consider enforcing your judgments in China to collect your debts.
Yes, amicable debt collections are allowed in Germany.
In 2022, the New South Wales Supreme Court of Australia ruled to recognize two Chinese civil settlement statements, which were considered as ‘foreign judgments’ under Australian law (Bank of China Limited v Chen [2022] NSWSC 749).
It depends on whether the debt is collected through amicable debt collection or legal actions.
Yes. If you and another applicant both apply to register an identical or similar trademark, whoever files the application first shall own the trademark.
Normally, it takes 10-12 months to register a trademark in China.
In 2019, due to parallel proceedings, Shenzhen Intermediate People’s Court of China ruled to dismiss the application for enforcing a New Zealand judgment (Americhip, Inc. v. Dean et al. (2018) Yue 03 Min Chu No. 420 ).
Traces and investigation are crucial for the creditor on both amicable and legal stage in Turkey.
You’d better preserve the debtor’s property through the court to prevent the debtor from evading debt by transferring assets.
Given the large scale of China’s trade, even the chance of getting bad debts is small, the impact on international creditors and amount of liabilities arising therefrom should not be underestimated.
