Economic damages: A default judgment may result in financial damages. The court may require the defendant to pay damages, fines, or other forms of financial compensation.
Enforcement Procedure: Once a default judgment is entered, the plaintiff may seek to enforce the judgment. This may include repossession of property, freezing of bank accounts or other enforcement measures.
Bad credit history: A default judgment may affect your credit history. This can have a negative impact on your credit rating and access to credit, making it more difficult for you to obtain a loan, credit card, or other financial services.
Legal consequences: Failure to file a lawsuit may trigger other legal consequences according to national and regional laws. This may include further legal proceedings, fines, detention or other criminal penalties.
This type of case has high professional requirements and requires an in-depth understanding of the local country’s laws, litigation time points, evidence presentation, culture, language, etc., and the preparation of sufficient evidence. When choosing an attorney, you need to think carefully to make sure you hire an attorney who is familiar with local laws and procedures and can help you deal with all the issues involved. Don’t pay too much attention to the size and reputation of the law firm, even the so-called overseas branches. As for the reason, you know! Large law firms often have more attorneys, but their service may not be personalized enough. When choosing, you need to weigh scale and professional reputation. There are not many lawyers in China who are familiar with the litigation procedures in this country. For example, Chen Chang’s team in Beijing and Xu’s team in Shanghai are all professional lawyers who handle overseas litigation in China.