Replies to post #9351 on YaSheng Group (HERB)

[downthehatch]

Unfortunately, it's usually not possible to collect anything in a lawsuit against a Chinese company, when the assets are all in China.

I've been through this before, where a group of us funded a U.S. law firm with a pretty good record, that was confident with our situation they could sue in Delaware, and get a judgment and collect, through their affiliates in China.
We got a judgment, and even though we found the assets in China, there was no way to collect, unless the company agreed to pay, and they refused.
So we got nothing, and it cost us several thousand each in legal fees. The company in that instance was CSGH, which produced lithium battery materials and was quite profitable.