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Q: Can foreign governments freeze Chinese companies assets if a court claim is filed?
For example, if a claim for $10 billion was made against a Chinese company in USA, could the USA freeze the assets of that company pending outcome of the court case?
How would this work in other countries?
13 years 5 weeks ago in Money & Banking - China
Answers (1)
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Yes, though technically in most if not all western countries, only the courts can freeze assets. The relevant government department can apply to the court for a seizure order to made against the company. If it were to happen, there would be the inevitable diplomatic row and finger pointing. It certainly wouldn't be done lightly but I am pretty sure it could be done if necessary.
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13 years 5 weeks ago
