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A Debt Recovery Predicament Triggered by a Cross-Border TransactionIn early 2022, Mr. Li, a Mainland businessman, entered into an electronic products procurement contract with Company B, a company incorporated in Hong Kong but actually operating in Shenzhen, for the purchase of a batch of smart devices at a total price of approximately USD 400,000.
Many business owners believe that by incorporating a company offshore and placing their business and assets into it, they can insulate themselves from personal liability. However, a cross-border trade secrets dispute demonstrates that where a company is used as an instrument of wrongdoing, a court may well "pierce the corporate veil" and hold the s
Case OverviewMr. Chen and Ms. Li had been married for many years and had two children. All were Mainland residents and resided together in the Mainland. During the subsistence of the marriage, Mr. Chen developed an improper relationship with Ms. Wang, an extramarital third party holding Hong Kong status, and had a child with her. Using funds from h
Where both spouses are Mainland domiciliaries, married in the Mainland, and the husband, after marriage, resides permanently in Hong Kong and purchases a property in Hong Kong in his own name. After the relationship breaks down, the wife commences divorce proceedings before a Mainland court and seeks division of the Hong Kong property.The question
Agreement in History"Case Recap: Payment First, Agreement Later — 130 Million Yuan for NothingIn 2018, Mr. Wang entered into negotiations with Mr. Chen to acquire a 30% equity interest in a Cambodian real estate project held by the latter. Mr. Wang first paid USD 570,000 in cash, then transferred RMB 130 million in successive payments, totaling app