Sellers' Remedies and Strategies when Dealing with Financially-Distressed Buyers in the United States and Taiwan

November 30, 2006 | BY

clpstaff

The United States and Taiwan are among China's top trading partners. How do Chinese companies navigate two different legal systems to recover their losses from defaulting parties?

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By Brian Y. Lee, Winston & Strawn, San Francisco; Shilin Huang, J&J Attorneys, Taipei

China's exports to the United States, its top trading partner and export destination, have increased dramatically in the last decade with no signs of slowing down. According to the US Department of Commerce, Chinese companies exported more than US$243 billion in goods to the US in 2005, an increase of 23.8% from the previous year.