You are an American company expanding its business into China. You have just clinched a highly coveted multi-million-dollar deal, documented in a one hundred- page contract that seems to cover every conceivable hiccup. But that lucrative deal, which took months to close, may not be as airtight as you imagine. If a dispute arises between your company and your Chinese business partner, how can you resolve it?
The Chinese business may have assets in China, but again it is difficult to enforce a US judgment in China: The two superpowers do not yet have reciprocal arrangements to recognize judgments from each other’s courts. This article explains how to manage and resolve disputes in China, and, where possible, avoid them altogether.
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Region:
China
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