Chapter 198: The Worst Scenario
"Fack!"
Just after New Year's Day, the fate of many people is quietly turning.
In Los Angeles, USA, a lawyer's letter shattered the peace of a company.
The three partners sat on the couch in his office, one of them smoking a cigar and spitting a cloud of fog, while the other blushed at the contents of the letter.
Another person had loosened his tie and walked around in a hurry.
"How did this happen?" He stopped and turned to look at the person reading the document, "Robert, those seven beneficiaries are up to you!" When did they meet and negotiate with that Oriental pig? ”
“…… My bad. Robert put down the copy in his hand and said with an ugly face, "Cravath, S; Moore, they found the strongest law firm at once. Now the question is, what to do? ”
All the beneficiaries had agreed and signed the document. From a legal point of view, Li Ping has become the successor trustee and can fire their You Yu at any time.
What's even more troublesome is that the lawyer's letter of the law firm clearly stated that a performance audit would be conducted.
In that case, how could the money that had been in the pockets of a few people over the past few years be mixed under Cravath's nose?
"Fack!" The leader of the three walked around irritably again.
The cigar smoker absentmindedly exhaled a puff of smoke and then said, "If you don't want to go to prison, of course you can only lobby with all your might." Since they sought out Cravath, they wanted to kill us. This time, they were well prepared. ”
"Lobbying? How to lobby? The one standing said, "If it really is calculated according to the terms of the contract, the three of us will have to bear more than 300 million dollars in compensation!" More than 300 million! Will we persuade Cravath to smash his sign, or will I persuade that Oriental pig to let us go? Can the three of us now come up with more than $300 million in compensation? ”
"Jason, I know things are urgent. But you have to calm down, my friend! ”
The cigar smoker also extinguished the cigar, frowned and said, "In any case, if such a large sum of money is handed over to an Oriental, even within Cravath, there should be different opinions, right?" Plus, we're at home after all. If the Oriental wants to get the money back, he can only go through the entire legal process here. ”
"But the matter must not be publicized!" Jason was most annoyed by this, "God knows if they have another deal with Cravath!" What if Cravath finds a contractual partner who can take over the management of the asset? And once we really enter the legal process, the future of the three of us is over! ”
The foundation of the word trust lies in the word "letter".
There is no professional ethics in this industry, unless you can win this game, otherwise you will cut off your career path.
Not only that, but this is a must go to prison.
"Let's get in touch with Cravath's people first, and get the information." The cigar smoker stood up, "Before this is over, we need to prepare for the worst as much as possible." ”
"What kind of plans?" Robert, who was still sitting, raised his head, "Philip, you are the most sober, you talk about it." ”
"The worst scenario is that there is no chance of victory, and we have to do everything we can to reconcile in order not to go to jail." Philip straightened his clothes, "If we can't reconcile, then the worst-case scenario is that we really have to go to prison, and compensation is inevitable, and all our property will be liquidated." ”
He looked at Jason, "Before we figure out what they're trying to do, we're going to do two things right now. First, all the money can't be spent. Second, for the sake of the family, we must find a way to transfer the assets as much as possible and complete the cutting. If the other side's goal is really to get us to prison, then they can only devote all their energy to reducing the sentence. ”
"......" Jason could only give Robert a fierce look, and then said, "Robert, now you have to go all out and negotiate with those seven beneficiaries." What happened to them to sign those words! If it is coerced, then there can be a turnaround! It must be coerced! ”
Philip said meaningfully, "It's late." Right now, the people at Cravath are probably watching to see if we can lure them with profit to reverse their previous decision. What's more, Cravath already has a signed document in his hand. With their strength, will we be able to do this easily? ”
"If that's the case, we're all finished?" Jason looked at him fiercely.
"In short, you can't act at will, so as not to get more evidence from the other party?" Philip, who is a law-related character on the team, said in a deep voice, "Let me talk to the people at Cravath first to find out what they really do." It's Cravath, it's impossible for us to continue to manage this trust asset, it's up to the other party to accept that we just made a major investment mistake. ”
In any case, the "default" in terms of earnings is a fact.
If the tax on the income of the three of them is revealed, it will end even more miserably.
Cravath wouldn't have thought of that?
The Oriental who knew that he had found Cravath, the famous American trust, would not have imagined this?
has been quiet for a few years, and the guy who has always been stupid and stupid is so ruthless as soon as he makes a move!
……
Gu Le, who had just come here from China to prepare for the start of school, and urged to officially launch the acquisition of Scober, was also dumbfounded.
"What do you mean to be late to get the money out?" He asked his classmate White, "Didn't you already say it before?" After New Year's Day, you can inject money into the company. ”
"It's an annual financial audit." White was also a little upset, "What did Jason do with this guy?" If there will be these programs, why not say it sooner? ”
Another student said nonchalantly: "At most, I will leave the necessary documents and wait for a few days." Don't worry, he won't dare fool a few of us. ”
Gu Le couldn't imagine that there was a reason behind this change, and when he heard this, he could only stop there, and then introduce them to the VCD war that had started in Huaguo.
Either way, you have to buy chips from the only chip supplier, Scober.
"I'll translate it to you!" He took the newspaper he brought back and said, "The new production line with an annual production capacity of 500,000 units ......"
It is nothing more than the production capacity that will explode in less than a year after it has been on the market.
Millions of machines a year are tens of millions of dollars in profits.
"Huaguo will go from skipping the era of video recorders to 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 may increase to 50 million units, which is 30 million units more than last year's estimate!" White, you must not let that Mr. Sun regret it! ”
"Don't worry, Gu, he won't." White listened to the figure of 50 million units, and his heart was hot.
Wouldn't that mean hundreds of millions of dollars in profits?
In New York, Philip finally met the team of lawyers in charge of the eucalyptus in Cravath. Among them, the representative of the client was also present.
Looking at this oriental face, Philip felt that things were very difficult.
When we met, Li Ping's contact person was present, how could I say some words?
"Mr. Philip, as the current management team, you certainly have the right to see the authenticity of the documents signed by the beneficiaries recognizing the settlor as the successor trustee." Morris, a lawyer at Cravath Law Firm, smiled, "The texts needed, including the history of the matter, are very clear. So if you see the documents, do Mr. Philip and your partners agree to start the performance audit process? It is up to the successor trustee and you to continue to work together. ”
“…… Mr. Shi. Philip looked at Shi Youming, "If we are serious about performing the contract, will Mr. Li continue to hire us to manage this trust asset?" ”
"Mr. Philip, it depends on the results of the audit." Shi Youming replied perfunctorily.
"Let me be clear." Morris, however, was reluctant to be polite, "Mr. Philip, I have consulted all the documents. The capital you may use to buy other beneficiaries is far less than the real owner of the asset. If you really investigate the investment and income in the past few years, it will implicate all the partners related to the three of you. ”
Philip's heart sank.
The terms negotiated between Cravath and that Li Ping are definitely not simple.
"We all know how much we should be able to generate over the next four years, even if we only follow the most conservative asset management strategy." Morris, who rarely received such a large amount of money and yet such a simple and easy one, said lightly, "Philip has come all the way from Los Angeles to New York, so let's tell me what I really think." ”
Philip was silent.
He's on the team responsible for the legal side of the matter, so he now knows better than Jason and Robert how serious the consequences can be.
Especially now that they have met Cravath, they don't seem to have any intention of cooperating with Philip's side and sharing the huge profits in the future.
That sentence is really straightforward.
Even if the three of them have embezzled enough, how can they compare to the real owner of this money who has capital?
If you have a clear conscience, then there is much more room for manoeuvre now.
However, because they knew that Li Ping didn't understand this, and the other beneficiaries had no say in the law on this matter, the three of them became unscrupulous.
Now, the pleasure of these years has become a rope around their necks.
Philip can't give an answer now, and he can't admit right now that he has embezzled a lot of money to leave a deal for others.
But he knew one thing: the other party invited Cravath out of the company, with the determination to win, and to get back what they deserved.
Obviously, Cravath will be paid more than just attorney fees and the "reward" of compensation, but will also have other benefits.
These benefits were enough for Cravath to be willing to help an Oriental to acquire an asset of nearly $3 billion.