An associate in my firm told me yesterday that there is a Guangdong lawyer who is eagerly approaching us for expectations of a possible cooperation on a Chinese court judgment enforcement case.
The Guangdong lawyer once represented a corporate client located in Guangdong province in 2003 as its defence lawyer, for his client was then sued by a Hong Kong bank at a Chinese intermediate people's court where his client was incorporated to repay outstanding loans of more than HK$60M in principal. Although the Guangdong lawyer worked hard to protect his client, they still lost the case, the judgment demanding his client to repay the Hong Kong bank HK$60M plus interests. The losing client was deep in financial troubles and soon ceased operations. The Hong Kong bank just got minor cash and some invaluable corporate interests in a faraway Chinese city.
As former trustworthy lawyer of his client, the Guangdong lawyer knows well that his client is still owning several properties in Macao worth at least for HK$12M. His client paid up to purchase those properties quite a few years ago while they had been underdeveloped, but had no time to get them then it became collapsed. The properties are being let out by the developers.
The Guangdong lawyer expects us to contact the Hong Kong bank as my firm has been in Hong Kong for over 10 ten years with good reputation and may know the bank. He is correct, I immediately picked up the phone today to call the Hong Kong bank once I received and looked at the judgment. The bank of course feels good to hear that, and has agreed to take into good considerations of how to cooperate with the Guangdong lawyer via us. It is understandable that the Guangdong lawyer expects to get highly paid on contingency basis.
Should I make congratulations to the Guangdong lawyer and feel thankful to him for referring the cooperative case to us, or shall the Guangdong lawyer be morally accused of ? This is a tough question worth thinking by most clients as well !
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