Beijing King & Bond Law Firm Becomes the Member of 2010 International Commercial Debt Collection Expert Committee

After deep discussions with executive leaders of China Chamber of International Commerce (CCOIC) for several times, Beijing King & Bond Law Firm successfully becomes the member of 2010 International Commercial Debt Collection Expert Committee.

Chinese private enterprises, especially export-oriented processing enterprises in southern China, usually deal with international trade in a credit sales way due to the pressure of oversea purchasers’s advantages on buyers market and their own weak consciousness on international legal protection.. The amount of such credit sale keeps increasing in recent years. During the tough period of Global Financial Crisis, these oversea purchasers usually delay or refuse to repay their huge amount of loan, so as to shift their financial crisis risks to the Chinese sellers. Suffering this economic disaster, lots of Chinese private enterprises lost all of their business savings accumulated in several years for one time, which leads to their continuing setback or even bankruptcy. Since the ill-effect of global financial crisis keeps penetrating into substantial economy, and the following US optimal loan crisis makes the harsh business environment worse, the risk on export trade becomes an urgent problem for Chinese private enterprises.To cater for this need, King & Bond integrates its advantages on net of overseas partner law firms, the professional team of international lawyers, cooperate management system, high-tech system of commercial debt collection and industrialized secured transaction system, so to solve the problem of private enterprises’ risks in export transaction from different aspects of legal prevention and remedy. We believe that collaboration of King & Bond and CCOIC shall not only provide unique value for international commercial debt collection, but also generate profound influence on King & Bond’s development upon future legal business, so to push our services to a increasingly internationalized and specialized level.