How do I respond to a trade dispute?

Hello. This is the international trade attorney from Daeryun Law Firm.

The most important thing in responding to trade disputes is the precise review of international transaction contracts, and in particular, the following must be confirmed.

• Which country's law is designated as the governing law
• Whether it is a court of jurisdiction or international arbitration (ICC, SIAC, HKIAC, etc.)
• What the Incoterms conditions are
• How quality standards and inspection methods are stipulated
• Whether there are scopes of damages and exemption clauses in case of disputes
  

Depending on these contract clauses, the strategy of whether to go to litigation, arbitration, or resolve through negotiation can completely change, and in practice, there are many cases where the direction of victory or defeat is largely determined at the contract interpretation stage.

Trade disputes are not infrequently expanded to international arbitration or overseas court litigation rather than ending in domestic litigation.

In this case, a comprehensive international trade litigation strategy is needed that considers all aspects, including the appropriateness of procedural choices, jurisdictional disputes, evidence securing and translation/submission strategy, and the possibility of overseas execution.

International arbitration has the advantages of expertise and speed, while overseas litigation involves significant time and risk, so the most reasonable path must be chosen for each case.

Trade disputes involve a complex intertwining of customs law, international trade norms, administrative sanctions, and foreign exchange/sanction regulations, so cases may unnecessarily expand or corporate risks may grow.

Daeryun Law Firm responds in a one-stop manner to trade contract disputes, customs/tariff issues, international arbitration/overseas litigation, and sanctions/import-export regulation responses, centered on international trade attorneys and customs specialist committee members holding customs broker qualifications.

For trade disputes, the response from the moment the dispute begins, rather than "after the problem grows," is most important.

As an export voucher contract institution, Daeryun allows you to receive consultation from international trade specialist attorneys before trade disputes occur.

If you establish accurate legal diagnosis and strategy at the early stage, you can sufficiently prevent unnecessary lawsuits and losses, so please request a consultation right now.