Chinese lender seeks to enforce $ 17 million arbitration award

By Jasmin Jackson (Nov 1, 2021, 4:55 p.m. EDT) – A Chinese lender urged a California federal judge to enforce a $ 17 million arbitral award issued in China for an unpaid loan, arguing it did not have to send notice of the proceeding to all borrowers’ addresses in China and the United States

Chinese businesswoman Junping Ma said in a 21-page file on Friday that borrowers Qingming Fang and Lei Wang could not escape a $ 17 million arbitration award issued in November 2020 by the arbitration committee. from Xiamen in southern China for an unpaid $ 7.6 million commercial loan to them and seven Chinese entities, arguing that the borrowers signed a …

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