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Quick Question Friday, China Law Answers, Part IV
Sorry, but your US judgment has almost no value in China.
Because of this blog, our China lawyers get a fairly steady stream of China law questions from readers, mostly via emails but occasionally via blog comments as well. If we were to conduct research on all these questions and then comprehensively answer them, that would soon become all that we do and we would soon be out of business. And that would be a bad thing for us and for this blog. So what we usually do is provide a super fast general answer and, when it is easy to do so, a link or two to a blog post that may provide some additional guidance. We figure we might as well post some of these on here.
One of the most asked questions we get comes from other lawyers, and it is whether we will help them collect in China on their US court judgment against a Chinese company. Our usual answer is “no, because China does not enforce U.S. court judgments.” In other words, securing a US court judgment against a Chinese company does not enable you to collect from that company in China. The only way you can collect is if that Chinese company has assets in the United States or in some other country that actually does enforce a U.S. court judgment, and not many of them do. For more on this, check out Suing Chinese Companies In The United States Is Usually A Waste Of Time
The post Quick Question Friday, China Law Answers, Part IV appeared first on China Law Blog.
We will be discussing the practical aspects of Chinese law and how it impacts business there. We will be telling you what works and what does not and what you as a businessperson can do to use the law to your advantage. Our aim is to assist businesses already in China or planning to go into China, not to break new ground in legal theory or policy.
Source: http://www.chinalawblog.com/2015/06/quick-question-friday-china-law-answers-part-iv.html
