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When your superstar electric vehicle client doesn't pay / Priscilla Liang.
- Format:
- Book
- Author/Creator:
- Liang, Priscilla, author.
- Series:
- SAGE Business Cases.
- SAGE Business Cases
- Language:
- English
- Subjects (All):
- Risk management--Case studies.
- Risk management.
- Commercial law--Case studies.
- Commercial law.
- Business enterprises--Finance--Case studies.
- Business enterprises.
- Physical Description:
- 1 online resource.
- Place of Publication:
- London : SAGE Publications: SAGE Business Cases Originals, 2023.
- Summary:
- This case involves a lengthy legal battle between one of the world's largest engineering services providers, EDAG Engineering GmbH (EDAG), and BYTON North America Corporation (BYTON NA), a subsidiary of an innovative Chinese electric vehicle start-up, BYTON Ltd. BYTON NA hired EDAG to design and engineer BYTON Ltd.'s electric sport utility vehicle. BYTON NA ultimately defaulted on its payment obligations to EDAG. EDAG demanded arbitration and was awarded EUR 23 million. BYTON NA has not paid any of the award and EDAG may have difficulty collecting the money. As a consultant to EDAG, would you recommend they continue to try to collect the award? What can EDAG do to minimize nonpayment risk when doing business with another electric vehicle start-up?
- Notes:
- Description based on publisher supplied metadata and other sources.
- ISBN:
- 1-5296-1044-3
- 9781529610444
- OCLC:
- 1355859344
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