We signed agreement that ,
1) Build partnership: I spend USD25000 to buy 3% shares of his trading co in winmington,DE,USA.
2) Cooperation: He will give me RMB1 million in 20 days after i pay USD25000 so that I can register a trading co. in Shanghai,China as a platform to operate international trading business developed by both of us.N after I finish registration of SH trading co,he will provide USD5M bank guarantee so that SH co and get financial support fm HSBC,SH.
75days has passed fm the day i paid him,but he didn't pay me RMB1M at all. I asked for returning shares to him and get USD25000 back. But he rejected.
In our agreement,it says"The exclusive forum for any dispute related or in connection with this agreement shall be an ICC Arbitration court. Shanghai shall be the agreed palce of jurisdiction. Can I go to China court for jurisdiction because no ICC in Shanghai?He never ask my passport copy,can he register my shares in US? How to check his co. in US exists or not?Thks
1) Build partnership: I spend USD25000 to buy 3% shares of his trading co in winmington,DE,USA.
2) Cooperation: He will give me RMB1 million in 20 days after i pay USD25000 so that I can register a trading co. in Shanghai,China as a platform to operate international trading business developed by both of us.N after I finish registration of SH trading co,he will provide USD5M bank guarantee so that SH co and get financial support fm HSBC,SH.
75days has passed fm the day i paid him,but he didn't pay me RMB1M at all. I asked for returning shares to him and get USD25000 back. But he rejected.
In our agreement,it says"The exclusive forum for any dispute related or in connection with this agreement shall be an ICC Arbitration court. Shanghai shall be the agreed palce of jurisdiction. Can I go to China court for jurisdiction because no ICC in Shanghai?He never ask my passport copy,can he register my shares in US? How to check his co. in US exists or not?Thks
CIETAC has another Chinese name that is China ICC Arbitration Court. You can consult with CIETAC whether they will accept your application.
But in my opinions, it's not like a agreement dispute but a trap. That guy is a criminal not a business man. He made the trap and defrauded you of the money.
Be care for in your international business:
my contact: mar06.assistant@yahoo.com.cn
But in my opinions, it's not like a agreement dispute but a trap. That guy is a criminal not a business man. He made the trap and defrauded you of the money.
Be care for in your international business:
my contact: mar06.assistant@yahoo.com.cn
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