1993 Glamour at a Glance

Chapter 198 The worst plan
"Fake!"

Just after New Year's Day, the fate of many people is quietly changing.

In Los Angeles, USA, a letter from a lawyer broke the peace of a company.

The three partners were sitting on the sofa in the office, one of them was smoking a cigar, frowning and puffing, while the other was looking at the content attached to the letter with a livid face.

Another person, with his tie loosened a little, was walking up and down angrily.

"How did this happen?" He stopped and turned to look at the document. "Robert, you are responsible for paying attention to those seven beneficiaries! When did they meet and negotiate with that Oriental pig?"

"...My fault." Robert put down the copy in his hand and said with an ugly face, "Cravath, Swaine & Moore, they found the strongest law firm at once. The question now is, what should I do?"

All beneficiaries have agreed and signed the document.From a legal point of view, Li Ping has become the successor trustee and can fire them at any time.

What's more troublesome is that the lawyer's letter from the law firm clearly stated that a performance audit will be conducted.

In that case, how could it be possible for the money that a few people have pocketed for so many years to pass under Cravath's nose?

"Fake!" The leader of the three walked back and forth irritably.

The cigar smoker absently puffed out the smoke and said, "If you don't want to go to prison, of course you can only lobby with all your strength. Since they have found Cravath, they want to put us to death. This time, they are well prepared."

"Lobbying? How?" said the one standing there, "If it is really calculated according to the terms of the contract, the three of us will have to bear more than 3 million US dollars in compensation! More than 3 million! Is it lobbying Cravath to smash his own signboard, or lobbying That Oriental pig let us go? Now the three of us can come up with more than 3 million US dollars for compensation?"

"Jason, I know it's urgent. But you need to calm down, my friend!"

The cigar smoker also put out his cigar, and said with a frown, "Anyway, if such a large sum of money is allowed to be handed over to an oriental, there should be different opinions even within Cravath? Besides, we are home after all. That oriental If you want to get the money back, you can only go through all the legal procedures here."

"But things must not be publicized!" Jason is most annoyed by this point, "God knows if they have another agreement with Cravath! If Cravath finds a contract partner, can he take over the management of this asset later? And once it really Entering the legal process, the future of the three of us will be over!"

The word trust is basically on the word "letter".

There is no professional ethics in this line of work. Unless you can win this round, you will cut off your career path.

More than that, this must go to jail.

"Contact the people in Cravath first to get information." The cigar smoker stood up, "Before this matter is over, we must prepare for the worst as possible."

"What kind of plan?" Robert, who was still sitting, raised his head, "Philip, you are the most sober, tell me."

"The worst plan is that there is no chance of winning. We have to do everything possible to reconcile in order not to go to prison." Philip straightened his clothes. "If we can't reconcile, the worst case is that we will really go to prison. Unavoidable, all our property will be liquidated."

He looked at Jason: "Before we figure out their goals, we have to make two preparations now. First, all the money can't be spent indiscriminately. Second, for the sake of the family, we must find a way to transfer assets as much as possible." Get out and finish the cut. If the opponent's goal is really to put us in prison, then all energy can only be used to reduce the sentence."

"..." How could Jason accept such an ending? He could only cast a hard look at Robert, and then said, "Robert, now you have to go all out to negotiate with the seven beneficiaries. What happened?" They signed those words only because of the situation! If they were coerced, there is still a chance! It must be coerced!"

But Philip said meaningfully: "It's too late. Now, the people in Cravath are probably paying attention to whether we will use benefits to lure them to overturn the previous decision. Besides, Cravath already has a signed document in his hand. With Their strength will allow us to do this easily?"

"If you say that, we're all finished?" Jason looked at him fiercely.

"In short, you can't act arbitrarily, lest the other party get more evidence?" Philip is a legal-related role in the team, and he said in a deep voice, "Let me finish talking with Cravath's people first to find out the other party's real purpose. Yes Cravath, it is impossible for us to continue to manage this trust asset, it depends on whether the other party can accept that we just made a major investment mistake."

In any case, the "default" in terms of earnings is a fact.

If the matter of the taxation of the income the three of them have gained from it is turned over, the ending will be even more bleak.

Cravath would not have thought of this?
Knowing that the oriental man who found Cravath, which is famous in the United States in terms of trust, would not have thought of this?
The guy who has been in peace for several years and has always been dull and stupid is so ruthless when he makes a move!

……

Gu Le, who just came here from China to prepare for the start of school and urged the formal launch of the acquisition of Skober, was also dumbfounded.

"What do you mean the money can be taken out later?" He asked his classmate White, "Didn't it be agreed before? The money can be injected into the company after New Year's Day."

"It's an annual financial audit." White was also a little unhappy, "What did Jason do? If there are these procedures, why didn't you say it earlier?"

Another classmate said nonchalantly: "The most we can do is leave the necessary files and wait for a few days. Don't worry, he doesn't dare to fool us."

Gu Le couldn't imagine that there was such a reason behind this change, so he could only let it go after hearing this, and then introduced them to the VCD war that had already started in Huaguo.

No matter which party it is, it has to buy chips from the only chip supplier, Skopper.

"I'll translate it for you!" He said while holding the newspaper he brought back, "A new production line with an annual production capacity of 50 units..."

It is nothing more than the production capacity that will explode in less than a year after being launched.

If there are millions of machines a year, it is tens of millions of dollars in profit.

"Huahui will skip the era of mass video recorders and directly enter the era of VCD players, as well as other markets in Asia!" Gu Le said excitedly, "Now the latest market research report believes that the total market size of this product is . It may be increased to 5000 million units, which is a full 3000 million more than last year's estimate! White, we must not let that Mr. Sun go back on his word!"

"Don't worry, Gu, he won't." Hearing the figure of 5000 million units, White's heart burst into flames.

Wouldn't that mean hundreds of millions of dollars in profits?

Over in New York, Philip finally met the team of lawyers in Cravath who were in charge of the case.Among them, the representative of the client is also present.

Looking at this oriental face, Philip felt that things were difficult.

Li Ping's contact person was present at the meeting, so how can I say something?

"Mr. Philip, as the current management team, you certainly have the right to check the authenticity of the document signed by the beneficiaries to recognize the client as the successor trustee." Lawyer Morris from Cravath said with a smile, "The required texts include The history of the matter is very clear. So if you see the documents, Mr. Philip and your partners, have you agreed to start the performance audit process? It depends on whether the successor trustee and you continue to cooperate. "

"...Mr. Shi." Philip looked at Shi Youming, "If we are serious about fulfilling the contract, will Mr. Li continue to hire us to manage the trust assets?"

"Mr. Philip, it depends on the results of the audit." Shi Youming replied perfunctorily.

"Let me make this clear." Morris was unwilling to be polite, "Mr. Philip, I have checked all the documents. The capital you may use to buy other beneficiaries is far inferior to the real owner of this asset. If the investment and income in the past few years are really investigated in depth, all the partners related to the three of you will be implicated."

Philip's heart sank.

The terms negotiated between Cravath and that Li Ping were definitely not simple.

"We all know that even if we only follow the most conservative asset management strategy, how much profit should be generated in the past four years." Morris seldom received such a large amount of cases, but so simple and easy, he said relaxedly, "Philip came to New York from Los Angeles on a special trip, let's talk about his real thoughts."

Philip was silent.

He is responsible for legal risks in the team, so he now knows better than Jason and Robert how serious the consequences of this matter may be.

Especially those who have met Cravath now, they seem to have no intention of cooperating with Philip and sharing the huge benefits in the future.

That sentence is indeed straightforward.

Even if the three of them have embezzled enough, how can it compare to the fact that the real owner of the money has capital?

If you have a clear conscience, then there is much room for maneuver now.

However, because they knew that Li Ping didn't understand these things, and the other beneficiaries had no say in the matter in law, the three became unscrupulous.

Now, the joy of the past few years has become a rope around their necks.

Philip couldn't give an answer now, and he couldn't admit right now that he embezzled a lot of money for himself to leave something for others to talk about.

But he knew one thing: the other party invited Cravath out of the determination to win back what they deserved.

Obviously, the remuneration that Cravath can get should not only be the "reward" of legal fees and compensation, but also other benefits.

These interests are enough to make Cravath willing to help an Oriental to obtain an asset of nearly 30 billion US dollars.

(End of this chapter)