Sat, 07 Nov 2020 Insights Guiqiang LIU 劉桂強

When it comes to the stage of recognition and enforcement, limitation period is a decisive factor but can be easily ignored by the winning parties.

Fri, 11 Oct 2019 Insights Guiqiang LIU 劉桂強

Since 2010, the U.S. courts have frequently compelled Chinese banks to provide bank documents even though the discovery would violate Chinese bank secrecy law. The continuing conflicts would lead to a lose-lose situation in which neither the Chinese banks nor the foreign litigants would get any benefits.

Fri, 23 Aug 2019 Insights Guiqiang LIU 劉桂強

The D.C. Circuit upheld the contempt orders against three Chinese banks on 30 July 2019. For Chinese banks, they have been frequently caught in a catch-22 since Gucci v. Weixing Li: violating Chinese laws to produce documents or be held in contempt for refusing discovery. To some extent, perhaps Chinese banks are going through the worst of times after their entry into the U.S. financial markets.