Pre-Judgment Asset Preservation

Property preservation is often the decisive step in successful enforcement. Our practice includes:

Pre-Filing Preservation (诉前财产保全)

• Urgent applications where the creditor can demonstrate imminent risk of asset dissipation
• 48-hour court turnaround in most jurisdictions
• Security arrangements (担保) — cash deposits, insurance bonds, or bank guarantees
• Coordinated multi-jurisdiction filings

Post-Filing Preservation (诉中财产保全)

• Applications filed concurrently with the recognition and enforcement petition
• Broader scope of attachable assets
• Ongoing monitoring to identify newly discovered assets

Preservation Target Types

• Bank account freezes — most effective given China’s centralized banking system
• Real property attachment — prevents transfer or encumbrance
• Equity interest preservation — blocks share transfers in Chinese companies
• Receivables garnishment — attaches amounts owed to the debtor by third parties
• Vessel and aircraft detention for maritime and aviation matters

Strategic Considerations

• Assessing whether the preservation application should precede or accompany the main filing
• Calculating the appropriate security amount
• Coordinating timing across time zones for maximum effect