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    1. EnternationalTrader is offline

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      #1

      Legal Tips on Trading and Investing in China

      Just thought I would post some useful tips to help out fellow forum members.

      Before you sign any type of contract, ask them to fax a copy of their business certificate and an ID card of their company. Why? If something doesn't go the way it was intended, and you take legal action in a Chinese Court, ask the plaintiff to submit their certificate of defendant, otherwise the court won't even file or take any investigation actions for further prosecution.

      Before signing anything, you should talk to a Chinese lawyer to perform some legal work on your behalf. Why? Some companies trade with fake certificates, and once they get the funds in their account they'll vanish from the face of the earth. By having a Chinese lawyer, you can double check the true intentions of your partner.

      Try to argue the place where you want to handle the disputes between you and your partner. Why? The people involved in the contract can state where they can argue their case. If there is no arbitration clause in the contract, the case falls under the jurisdiction of the court where the defendant lives, which is at a disadvantage for the plaintiff.

      If a dispute arises, it should be settled right away. If nothing can be worked out, take legal action right away. Why? Some companies transfer property after a dispute, even if you win your case, there is no guarantee property can be reclaimed.

      Hope this helps,

      EnternationalTrader
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    2. ebaytrader is offline

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      #2
      I made a payment to a Chinese company, but I got nothing in return. Could you give me some advice on what I should do?
      Want To Be An eBay Powerseller?
      This is the Service You Need.

    3. EnternationalTrader is offline

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      #3
      Can you tell me what happened exactly?

    4. bryceworld is offline

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      #4
      Would you know anything about setting up a trading company in China?

    5. ebaytrader is offline

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      #5

      Quote:

      Originally Posted by EnternationalTrader View Post
      Just thought I would post some useful tips to help out fellow forum members.

      Before you sign any type of contract, ask them to fax a copy of their business certificate and an ID card of their company. Why? If something doesn't go the way it was intended, and you take legal action in a Chinese Court, ask the plaintiff to submit their certificate of defendant, otherwise the court won't even file or take any investigation actions for further prosecution.

      Before signing anything, you should talk to a Chinese lawyer to perform some legal work on your behalf. Why? Some companies trade with fake certificates, and once they get the funds in their account they'll vanish from the face of the earth. By having a Chinese lawyer, you can double check the true intentions of your partner.

      Try to argue the place where you want to handle the disputes between you and your partner. Why? The people involved in the contract can state where they can argue their case. If there is no arbitration clause in the contract, the case falls under the jurisdiction of the court where the defendant lives, which is at a disadvantage for the plaintiff.

      If a dispute arises, it should be settled right away. If nothing can be worked out, take legal action right away. Why? Some companies transfer property after a dispute, even if you win your case, there is no guarantee property can be reclaimed.

      Hope this helps,

      EnternationalTrader
      Could you tell me how I can get in touch with you? I am going through some things at the moment that needs some suggestion.

    6. EnternationalTrader is offline

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      #6

      Quote:

      Originally Posted by bryceworld View Post
      Would you know anything about setting up a trading company in China?
      There are several documents you have to prepare, I can not tell you everything in a single post...

    7. EnternationalTrader is offline

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      #7

      Quote:

      Originally Posted by ebaytrader View Post
      Could you tell me how I can get in touch with you? I am going through some things at the moment that needs some suggestion.
      The first thing you should do is relax, because a simple judgment takes about six months, and simple court procedures about three months.

      You can private message if you need more help

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