> A contract is toilet paper
no it isn't. why you did not sue them? success rate of international arbitrage (New York Convention) proces into China is 90% success rate. USA/EU companies who sue Chineses companies in China for breach of contract seem to be winning rates. Enforcement of USA curt orders do not need to go thorugh Chinese courts again, and are enforced by local authorities (local sharks) with success rate of 80% for foreign firms suing chinese firms. fees are also fairly low. case is straightfoward.
if author went and sue, likely he would get his money back.
> why you did not sue them?
Because they could just dissolve the entity and get away with it. Did you even read the rest of the article?
You can't do that and if you do do that it's an imprisonable felony. You have to pay all debts before dissolving a corporation. If you can't pay them you have to go through the bankruptcy process.
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