International trade trap: who is your seller in China?

Not just a few but quite a number of foreign clients who bought goods from China complained about their Chinese sellers defrauding or otherwise defaulting under their purchase contracts, and when they tried to go after the Chinese exporters for damages or compensation, they found themselves unsure which entity or company they should sue.

The Tricks and Traps

International Trade Dispute Resolution in China: get affiliated companies to pay

A while ago, I wrote another post disclosing fraudulent international trade practice some Chinese exporters engage themselves in: Again, be aware and vigilant about who you are trading with in China.

So when you are deceived and caught in such fraud and you don’t want to just walk away bruised, you may have to think of a way to recover your loss. Here in …

关于应收账款银行保理业务的监管提示

国际保理律师点评本则监管提示是中国证券监督管理委员会于2015年1月份发出的。通报的保理融资案件显示,在中国保理业务仍然是一个较为新鲜的融资品种。案件中的债权人转让人是一家新三板挂牌公司,按说规模应该不会太小,但对于保理融资的理解仍然存在重大的

International Factoring In China Part II: assignment of receivables

YOU MAY DOWNLOAD THE PDF VERSION OF THIS POST HERE: china-factoring-law-assignment-of-account-receivables.

Assignment of receivables is the core of factoring business. An accurate and clear understanding of Chinese laws in respect of assignment of receivable is vital and paramount for engaging in factoring business in China.

As you may have noticed…

Again, be aware and vigilant about who you are trading with in China

It is not the first time I write about this topic for foreign companies trading with Chinese seller. You can check on this post “Check out who you are trading with in China“.

An American client recently complained to me about his problem with his Chinese vendor. The client has been purchasing aluminum sheets from the Chinese seller for years and they…

Bill of Lading in the perspective of China laws: a case study

In the year of 2016, a court judgement concerning Letter of Credit dispute handed down by China Supreme Court has caught immense attention from banks, freight forwarders, sea carriers and maritime lawyers.

I. Basic Facts

For a detailed account of the case facts, you can refer to another post on this blog, but unfortunately, it is in Chinese.

A China bank (CCB)…

信用证开证纠纷经典案例:中国建设银行与广东蓝粤能源发展有限公司等信用证开证纠纷案

中国建设银行股份有限公司广州荔湾支行与广东蓝粤能源发展有限公司等信用证开证纠纷案

 

[裁判摘要]

提单具有债权凭证和所有权凭证的双重属性,提单持有人是否因受领提单的交付而取得物权以及取得何种类型的物权,取决于合同的约定。本案中,开证行根据其与开证申请人之间的合同约定持有提单,结合当事人的真实意思表示以及信用证交易的特点,应认定开证行对信用证项下单据中的提单以及提单项下的货物享有质权,开证行行使提单质权的方式与行使提单项下动产质权的方式相同,即对提单项下货物折价、变卖、拍卖后所得价款享有优先受偿权。

贸易融资律师点评本案之所以引起巨大关注在于其在判决中对实践和理论上争议极大的提单法律性质作出认定。但田律师认为,将提单视为具有所有权凭证属性的认识并不妥当。提单作为一种表彰货运合同的凭证,其仅仅具有债权凭证的功能,并

International Factoring in China Part I: overview of legal regimes for factoring industry

Factoring has been a big thing in China trade arena recent years. Ever since a push by China Ministry of Commerce promulgating in 2012 a set of new rules regarding setup of commercial factoring firms, commercial factors have been mushrooming in China with particularly robust growth in Tianjin, Shanghai, Guangzhou and Shenzhen.

However, bank factoring …

FCI GENERAL RULES FOR INTERNATIONAL FACTORING

FCI GENERAL RULES FOR INTERNATIONAL FACTORING

(printed July 2013)

 

CONTENTS

Section I       General Provisions 2

Article 1       Factoring Contracts and Receivables 2

Article 2       Parties taking part in two-factor international factoring. 3

Article 3       Receivables included. 3

Article 4       Common language. 3

Article 5       Time …

国际保理是如何运作的?

国际保理如何运作

国际保理无任何复杂之处。它是以简化国际贸易为目的而设计出的一系列服务的总称。

典型的保理服务包括:

调查买方的信誉

承担信用风险

100%地防止账面价值减损

应收账款的催收与管理

基于应收账款以即时现金预付款的方式提供融资

 

FCI(国际保理商联合会)成员所提供的国际保理服务包括六个阶段:

  • 出口商与出口保理商签订保理合同。之后,出口商将经过核准的应收账款全部转让给出口保理商。此后,出口保理商应就保理的全方面运作负责。
  • 出口保理商选择相对方,即所谓的进口保理商,通常在货物目的地所在国家。之后,将该应收账款转让给进口保理商。
  • 同时,进口保理商调查买方的信用状况,

天津市高级人民法院关于审理保理合同纠纷案件若干问题的审判委员会纪要(二)及律师解读

天津市高级人民法院关于审理保理合同纠纷案件若干问题的审判委员会纪要(二)及律师解读

 

为了妥善审理保理合同纠纷案件,进一步解决保理合同纠纷审判实践中遇到的疑难问题,依法保护当事人合法权益,规范保理经营行为,促进保理业健康发展,为天津市金融创新提供司法保障和支持,2015年7月27日我院召开2015年第22次审判委员会会议,专题研究了保理合同纠纷案件审理中的若干问题。经过认真讨论,与会委员对于依法解决审判实践中的疑难问题达成一致意见。现纪要如下:

一、会议纪要的形成背景

2014年10月27日,我院2014年第27次审判委员会专题研究了保理合同纠纷案件审理中的问题,形成了《天津市高级人民法院关于审理保理合同纠纷案件若干问题的审判委员会纪要(一)》,较好地解决了保理法律关系的认定、保理合同的效…

天津市高级人民法院关于审理保理合同纠纷案件若干问题的审判委员会纪要(一)

天津市高级人民法院关于审理保理合同纠纷案件若干问题的审判委员会纪要(一)

津高法〔2014〕251号

 

为正确审理保理合同纠纷案件,依法保护当事人合法权益,规范保理业务经营行为,促进保理业健康发展,服务和保障金融改革创新,防范应收账款融资风险,2014年10月27日高院召开2014年第27次审判委员会会议,专题研究关于保理合同纠纷案件审理中的若干问题。经过认真讨论,与会委员对目前审理保理合同纠纷案件的一些问题达成一致意见。现纪要如下:

一、会议纪要的形成背景

保理是以应收账款转让为前提的综合性金融服务。近年来,随着购货商赊销付款逐渐成为主要结算方式,供货商对应收账款的管理和融资需求推动了国内贸易中保理业务的产生和发展。2006年5月,国务院发布《关于推进天津滨海新区开发开放有关问题的意见》(国发〔2006〕20号),鼓励天津滨海新区在金融企业、金融业务、金融市场和金融开放等方面先行先试。2009年10月,经国务院同意,国家发改委批复原则上同意商业保理企业在天津注册。2012年6…

Commercial factoring business in China Free Trade Zone to take off

[You may wish to download a PDF version of this post, click New Rules for Commercial Factoring in Shanghai Free Trade Zone_140604.]

New and detailed rules regarding special treatments for certain industries in China (Shanghai) Pilot Free Trade Zone (the “Shanghai FTZ“) have erupted recently covering quite a number of sectors that may otherwise…

Factoring financing under Chinese laws

One of my clients, a bank, has approached me for advice on a dispute involving factoring financing with a trade company in Shanghai. It is a domestic factoring dispute. The amount of money involved is huge and I devoted a great deal of time to make sure that sound legal advice is given.

Factoring is relatively new in China. The industry has just witnessed a rapid …