Thu, 10 Nov 2022 China Law in One Minute Meng Yu 余萌
Email is the main communication tool in cross-border transactions. It is common, for instance, for many international trade contracts to be concluded, modified, performed, or terminated directly by email.
Thu, 10 Nov 2022 China Law in One Minute Meng Yu 余萌
When a Chinese enterprise is adjudged bankrupt, it generally means that its assets are insufficient to pay off all its debts, so its shareholders cannot recover their capital contributions through bankruptcy procedures.
Wed, 09 Nov 2022 China Legal Trends CJO Staff Contributors Team
In September 2022, China’s Supreme People’s Court issued the “Selected Cases of Judicial Reform of People’s Courts (XII)”, which selects typical practices of judicial reforms by local courts, and sets them as good examples for courts nationwide.
Wed, 09 Nov 2022 China Legal Trends Meng Yu 余萌
In September 2022, the People’s Bank of China issued the “2022 RMB Internationalization Report”, introducing the international use of RMB, the offshore RMB market, and the prospect of RMB internationalization.
Wed, 09 Nov 2022 China Legal Trends China Laws Portal Team
New Developments in China’s Foreign-related Commercial and Maritime Trial Services.
Wed, 09 Nov 2022 China Legal Trends CJO Staff Contributors Team
In September 2022, the Xiamen Foreign-related Maritime Tribunal heard its first case.
Sun, 06 Nov 2022 Insights Guodong Du 杜国栋 , Meng Yu 余萌
In 2021, Xiamen Maritime Court ruled, based on the principle of reciprocity, to recognize the order of the High Court of Singapore, which designated an insolvency officeholder. The trial Judge shares his view on reciprocity review in applications for recognition of foreign bankruptcy judgments.
Thu, 03 Nov 2022 China Law in One Minute Meng Yu 余萌
Ready to enforce a foreign judgment in China? Let us start with the Prep Checklist.
Thu, 03 Nov 2022 China Law in One Minute Meng Yu 余萌
If your debtor defaults on a debt, you can take a lien on the debtor’s chattels (movable property) that you have legal possession of. In other words, the seller can retain ownership of the goods if the buyer fails to pay the price or perform other obligations as scheduled.
Thu, 03 Nov 2022 China Law in One Minute Meng Yu 余萌
The management of the enterprise shall cooperate with the bankruptcy administrator and may be prohibited from serving as executives of other enterprises.