virtualreview

china: news and opinion

Owe Money To A Chinese Company? No Need To Pay.

If you owe money to a Chinese company for product and you cannot pay all of your creditors, skip out on the Chinese company. Near as I can tell, there is nearly a 100% chance they will never sue you to recover. I am NOT advocating not paying your debt,... ...full story at China Law Blog

from China Law Blog on Fri, Jul 10 2009

see also:

16 May 08 visit Local man to complain my company in governmen xuanwu BJ(1)  »  YouTube videoThis Video is not allowed in china web.I can't say anything in CHINA.My company to cooperate with government of xuanwu beijing.My company owe me my paying,my english is not good,so...I hope you can understand chinese.åœ¨å®£æ­¦åŒºæ”¿åºœé‡ŒæŠ•è¯‰çš„è¿‡ç¨ ‹ï¼ŒçœŸæ˜¯æ¼«é•¿å•Šã€‚。。< /span>
17 Mar 09 visit China Company Owe You Money? A "New" Way To Get It.  »  China Law Blog My firm just seized a large sum of money from an Asian company that has owed our client a large sum of money for some time. I cannot describe this case here because it is still ongoing, but it makes for a great example of a little known way to grab money...
03 Mar 09 visit Chinese Trends in Company Investigations  »  Success Stories Common is the story of the foreigner who thought he was buying from a Chinese company, only to find out later that the company never existed – making any claim for repayment futile. This extreme example serves to illustrate the need to know one’s Chi...
09 Apr 09 visit China opposes U.S. sanctions on company with alleged Iran link  »  People's Daily China's government said Thursday it opposed U.S. sanctions on a Chinese company that allegedly supported Iran's nuclear programs. "As always, we resolutely oppose U.S. sanctions on the Chinese company citing its domestic laws," Chinese Foreign...
17 Feb 09 visit A Chinese Web Company Plans to Raise Pigs  »  China Journal Ding Lei, founder and chief executive of the Chinese Web company Netease.com Inc., plans a company sideline into pig farming, with a focus on raising livestock with strictly organic diets.
27 Aug 08 visit Company boss jailed for money laundering  »  Shanghai Daily INVESTMENT company director Yang Shiming, was sentenced to nine years in jail and a fine of 5.1 million yuan (US$728,571) for money laundering yesterday. This is the first such case in the province's capital city...

« Today's Stories