CCICM’s CRO Patrick Harte says the office means we can liaise directly with clients in-country and in their time-zone, serving their requirements even more efficiently.
Patrick was honoured to speak on ‘Worldwide Commercial Dispute Resolution’ at the China Council for the Promotion of International
Trade (CCPIT) International Mediation Summit in Chongqing.
He has managed all of our involvement in China for five years, and specialises in business development, asset realisation, international
debt collection, and client liaison, particularly within the State-owned export credit insurance sector.
His talk covered many points, but the key ones are:
- Mediation needs to become the mainstream dispute resolution position in every exporting manufacturer’s contracts to supply.
- In 15% of high-value, cross-border cases where only formal mediation or dispute resolution can resolve it, exporters definitely face less financial risk than pursuing expensive litigation, and so receive more money.
- Mediated Settlement Agreements meet manufacturers’ needs for a low-cost solution, certainty about risk-exposure on costs, and speedy resolution; and China – as the emerging economic superpower – can dictate the terms of trade.
Patrick and our team of senior, specialist, commercial managers are due to visit China again in late-April.