loan agreement

Jurisdiction clause in loan agreements: you cannot afford to ignore this, esp in Shanghai

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Good lessons are learned from great frustration.

A client entrusted me to sue his borrower for a return of RMB 1 million based on an agreement signed by the parties. The legal relationship is straightforward indeed: you borrowed the money, and then you repay it when due.

My client, the lender, and the borrower, while both living and working in Shanghai, are however …

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