A Polish chemical company from Tarnów (the “Company”) trading in chemical products purchased goods from a Chinese vendor. The company transferred the money for the goods to an account in Hong Kong, but the goods were not delivered. The Chinese contractor, from whom the goods were ordered, claimed that he did not receive the money for the order and that the account in Hong Kong did not belong to him. The law firm indirectly reached the persons co-responsible for the fraudulent practice and visited the Chinese contractor’s factory. After a week, the money lost as a result of hacking and fraud attempts was anonymously returned to the account of the Polish chemical company.
The Chinese market has over 1,400,000,000 consumers, and European goods are often considered real rarities there. However, you cannot enter this market without professional preparation. Many European companies have failed solely as a result of having ignored the legal preparation stage of a good business idea.
Chinese Law blog
For us, Asia is not only the market, law and contractors. This is our passion: we understand the culture and the differences between the Polish and Chinese approach to business.
Check out our publications on this topic.