How Debt Collection Works in China?
Compared with debtors in your own country, when debtors in China do not pay, you will encounter many different challenges and consequences.
Compared with debtors in your own country, when debtors in China do not pay, you will encounter many different challenges and consequences.
If you contract with a Chinese company, you’d better have its legal representative sign the contract. This is because he/she holds the core power of the company and will also be responsible for the company.
In China, the Certificate of Registration for Chinese companies is also called Business License (营业执照, Ying Ye Zhi Zhao).
How to Write an Application for Enforcing Foreign Judgment in China – Breakthrough for Collecting Judgments in China Series (VI) Key takeaways: The 2021 Conference …
You can check the Company’s Capital in China’s National Enterprise Credit Information Publicity System.
Problems faced by trade dispute settlement are uncertain and therefore more complex, while debt collection only concerns the collection of a specific undisputed debt.
A Chinese company with larger registered capital, especially paid-in capital, usually has larger scale and stronger ability to perform contracts. However, its registered capital or paid-in capital isn’t necessarily equal to its actual assets at a certain point of time.
Friday, 27 May 2022, 09:00-11:00 Berlin Time (GMT+2) /15:00-17:00 Beijing Time (GMT+8).
Four industry leaders from China and Germany, Chenyang Zhang, Partner of Tian Yuan Law Firm (China), Hualei Ding, Partner of Dentons Beijing (China), Timo Schneiders, Managing Partner of YK Law Germany, Stephan Ebner, German-US-Attorney-at-Law at DRES. SCHACHT & KOLLEGEN (Germany), will discuss whether and how foreign judgments and awards can be enforced in the two jurisdictions, a rising sector in international debt collection.
You can find a Chinese company’s registration information on China’s national enterprise credit information publicity system via the link below.
China published a landmark judicial policy on the enforcement of foreign judgments in 2022. This post provides the documents checklist one needs to prepare for enforcing a foreign judgment in China.
International debt collection can be a complex, drawn-out process, particularly when you don’t understand Chinese, can’t come to China, and know nothing about China’s legal and judicial system.
The Registration Number for Chinese companies is called in Unified Social Credit Code in China. It is a unique 18-digit alphanumeric (letter and number) code.
Before bringing a lawsuit, you could first consider negotiation, complaint, and debt collection.
China published a landmark judicial policy on the enforcement of foreign judgments in 2022. This post addresses the criteria for Chinese courts in reviewing whether a foreign judgment is final and binding or not.
If the company does not have a business license, or an official seal, or cannot be retrieved in China’s National Enterprise Credit Information Publicity System, then it is definitely a fake company.
Collecting debts from international clients is hard enough, but the process becomes even harder when trying to collect a debt from a Chinese business partner whose culture and language are completely different from yours.
You should avoid dealing with a company in suspension, revocation, liquidation or deregistration because it is incapable of performing contracts. Otherwise, you will be exposed to substantial losses and probably fail to claim damages from such a company.
China published a landmark judicial policy on the enforcement of foreign judgments in 2022. This post addresses the newly-introduced criteria for determining reciprocity, which ensures efforts to substantially open the door to foreign judgments.
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”.
When you decide to sue a Chinese company, where will you file the lawsuit? China or your own country, provided that both have jurisdiction over your case?