Attorney Jeremy Successfully Represented Client in Shandong in Recovering USD 50000 from Iran Buyer

In international sales of goods, malicious default on the balance payment by overseas buyers is a high-frequency dispute, which not only infringes on the rights and interests of Chinese suppliers but also triggers capital turnover risks. Recently, our law firm successfully recovered $50,000 overdue balance payment from an Iranian buyer on behalf of a supplier in Shandong, efficiently resolving the cross-border debt collection challenge.

In early 2024, the supplier entered into a sales contract with the Iranian company and delivered the goods in accordance with the agreement. After the buyer paid the majority of the purchase price, it defaulted on the remaining $50,000. The buyer attempted to make the payment through an overseas third party, but the supplier’s account was frozen due to compliance risks associated with the payment, leaving the supplier with no choice but to return the payment via the original route.

Following the refund, the supplier made repeated attempts to demand payment, only to be met with prevarication and refusal on various grounds by the buyer. Such conduct constitutes a breach of the contractual agreement and international trade practices, resulting in significant economic losses to the supplier.

Upon the client’s request for assistance, our firm appointed Attorney Jeremy Hu, a seasoned practitioner specializing in international trade disputes, to handle the case. Attorney Jeremy quickly sorted out the details of the case and accurately identified the core of the dispute. In view of the long cycle and high costs of cross-border litigation, he formulated a "high-efficiency and low-cost" strategy centered on professional legal pressure and intervention through compliant channels. A Chinese-English bilingual lawyer’s letter was issued to the buyer, clarifying the consequences of the breach and setting a final payment deadline, thereby forming an effective constraint.

Driven by Attorney Jeremy’s efforts, the Iranian buyer fully recognized the consequences of its breach and paid the entire $50,000 balance payment on schedule. The case was successfully concluded, enabling the client to resume normal capital turnover, mitigate operational risks, and express high recognition of our firm’s professional capabilities.

Drawing on this case, our law firm puts forward three recommendations for Chinese suppliers:

1. Promptly secure written evidence: Retain transaction records, communication documents, etc., to clarify the boundaries of liability and lay a solid foundation for dispute resolution.

   
   

2. Establish a multi-dimensional pressure mechanism: When direct payment demands prove ineffective, rely on professional forces to issue lawyer’s letters and other instruments to increase the cost of the buyer’s breach of contract.

   
   

3. Prioritize enforceable solutions: Balance risks and efficiency, and give priority to solutions that ensure actual recovery of payment.

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