Not sure if it’s politics or tariffs or something else, but our China lawyers have of late been getting a rash (and that is the best word for it) of inquiries lately regarding Sinosure cases. For the full import of what I mean by a Sinosure case, I urge you check out Owe Money to China? Meet Sinosure, Leviton Law Firm, and Brown & Joseph and China Sinosure: What You NEED to Know
- How much is being claimed against you? There is no point in hiring a lawyer if the amount at stake is too low to warrant it.
- Why have you not paid? This greatly influences our initial strategies.
- To whom do you owe the money? We usually follow up by asking how important the creditor is to the debtor’s business.
- Do you have other suppliers in China in addition to the one (or more) that claim you owe them money? We are trying to figure out how important it is that the Sinosure problem be solved quickly?
- Is it important that you be able to continue doing business in China? This is an important question for determining strategy
- Do you have any brand names or logos or other IP that you use on any products or packaging made in China? If so, have it registered those brand names or logos in China? It is very common for Chinese companies to register their debtor’s brand names and logos as China trademarks so as to gain leverage. Often, the first thing we do is shore up the IP registrations of a company involved in any sort of business dispute in China. You do not want to go into battle without first patching up a gaping wound.
We then instruct them not to send anyone from their company to China and if anyone from their company is in China right now, we recommend they leave China immediately. See China Hostage Situations With a New Twist.