In today's challenging economic environment, more clients
are seeking support with debt collection activities. One common
service we provide is sending detailed demand letters (in China,
referred to as lawyer's letters) to the debtor, setting the
stage for further legal action if payment is not made by a specific
deadline. Ultimately, if a debtor remains unwilling to pay, filing
a civil lawsuit becomes the only option.
According to the World Bank's "Doing Business"
reports, China ranks among the best for enforcing contracts.
Nonetheless, international companies face significant challenges in
doing so. A key advantage for creditors in China is the ease of
freezing bank accounts and other assets pending the outcome of a
lawsuit.
