Our client is a major company which deals in shares. They had a debt in China for just over £4,000 which they instructed Lovetts' overseas prelegal department to recover on a no collection, no fee basis.
The debt was for services our client had provided in respect of dealing with shares and issuing share certificates for their client, a Chinese company. The debtor refused to engage with the client in relation to the unpaid invoices. The Courts of England and Wales had jurisdiction but even if Court proceedings were issued and a Judgment obtained China would not recognise it as an enforceable Judgment, because China only recognises foreign judgments under specific treaties with particular jurisdictions. China has not entered into such a treaty with the UK.