Pittsburgh Attorney Lends His Expertise to Global Legal Issues
Bob Bernstein Travels to China to Discuss Creditors' Rights and Bankruptcy Law with Two Organizations
We tend to think of globalization in terms of importing, exporting, and manufacturing. But international transactions also bring with them international legal issues. That's why Bob Bernstein, managing partner of Bernstein Law Firm, recently traveled to Beijing, China, to speak before two prominent organizations on the subjects of creditors' rights and bankruptcy.
On May 9 and 10, 2005, he presented to members of China Export and Credit Insurance Corporation-China's only official export credit insurance company and one of Bernstein's clients-and Jincheng & Tongda Law Firm, among China's largest law firms. Each seminar presentation began with a history of Pittsburgh and the surrounding region and segued into a thorough overview of how the U.S. legal system affects business. Bernstein's goal in the presentations was to better acquaint his audience with ways that sellers and creditors can better protect themselves and avoid credit losses in the United States.
Bernstein addressed a variety of specific issues in the areas of creditors' rights and bankruptcy, including:
- How U.S. bankruptcy law can affect foreign creditors and vendors
- The new bankruptcy laws, many of which are effective in October 2005
- Chapter 11 plan process and how creditors can participate
The difference between federal and state credit laws
The "3 Cs" of Credit: Character, Capacity, and Capital
- Debt recovery and collection
- Repossession of property
- The American Board of Certification and its certification of bankruptcy and creditors' rights attorneys
Bernstein Law Firm is a family-owned and managed law firm in Pittsburgh, PA, with a 35-year history of providing expert counsel to clients throughout the country in the areas of creditors' rights, bankruptcy, retail and commercial collections, lease enforcement, and mortgage foreclosure.
"The trip to China was enlightening and enjoyable," says Bernstein. "It was a mutual learning experience. As globalization becomes increasingly complex and widespread, business leaders must get comfortable with foreign political/economic systems and business cultures. Law is, obviously, a critical component of successful global business. Bernstein Law Firm is committed to helping our clients make the transition, which is why I see more events like this in our future."
