I n today’s global economy, many international businesses suffer from poor payment behaviour, leading to financial problems. Maintaining and protecting cash flow is more crucial than ever. Debt recovery in Mainland China can be challenging for international creditors. Having in-country knowledge and experience of local debt collection procedure can improve recovery prospects and better manage [...]
On 19 March 2021, in the case of Sichuan Daiyalan Trading v. Hong Kong New Wish Electronics (the “Daiyalan Case”), the Beijing Fourth Intermediate People’s Court (the “Court”) issued a Civil Ruling ((2021) J04MCNo.52), holding that the defective arbitration clause in question (which designated a non-existing arbitral institution) was valid. T case confirms a [...]
I. The background of the "Kangmei Pharmaceutical" Case O n 12 November, the Guangzhou Intermediate People’s Court handed down the first special representative securities action in China against Kangmei Pharmaceutical (Kangmei). The judgment held that Kangmei had breached its disclosure obligations by making false statements and material omissions in its annual report. The Court [...]
A review of cyber fraud involving payments into fraudulent bank accounts in Mainland China Background The continuous development of cyber technology has also resulted in cybercrime permeating into various industries and markets. We have recently received various queries regarding international trade-related cyber fraud incidents seeking assistance with the recovery of funds wrongfully paid into [...]
