562: Mr. Ren feels sorry for me!

The crowd was skeptical, but most had no hope.

After all, Fenglei Automobile currently has a large funding gap, and it is difficult for it to survive, let alone support the restart of other projects, which is simply wishful thinking.

At the same time, Datong Bank's lawyer was in Ren Yi's office.

That was Chen Dong, the chief lawyer of a top domestic legal team.

Chen Dong had a meticulously slicked-back hairstyle, and his custom-made suit was spotless.

His face was clearly well-maintained, and although there was some fatigue, there were no wrinkles.

Chen Dong was followed by two women in business attire, presumably his assistants.

Ren Yi sat with his legs crossed, his hands behind his head, and said expressionlessly:

"What can I do for you three?"

Chen Dong sensed Ren Yi's unfriendliness but didn't pay much attention; he had seen too many such situations.

He took out a stack of documents from his bag and said:

"Mr. Ren, I am the attorney entrusted by Datong Bank. They specifically entrusted me to come here and request compensation from you."

Ren Yi said:

"Compensation? Are you kidding me? I have already paid off Datong Bank's loan in full. What more compensation do you want?"

Chen Dong smiled and said:

"Mr. Ren, what you're saying is wrong. According to the contract you signed previously, if you mortgage your shares multiple times, you will need to compensate Datong Bank double the losses."

Ren Yi was slightly surprised. This compensation clause, in general commercial terms, was quite a severe penalty for breach of contract, usually only one-thousandth of the loan amount.

That would be 120 million, which was a drop in the bucket for Ren Yi.

Ren Yi only remembered at this point that before signing the contract, he had carefully checked the loan amount, loan interest, and repayment amount, but he had overlooked the compensation clause.

Chen Dong then stepped forward, opened the contract signing page, turned to the breach of contract compensation clause, and pointed to the compensation amount entry:

If Party A lends one loan multiple times, or fails to follow the stipulated service content, Party A shall compensate Party B double the loan amount.

If Party A unilaterally terminates this contract due to non-force majeure, or fails to follow the stipulated service content, Party A shall compensate Party B one-thousandth of the loan amount.

If there is a lawsuit between both parties, all related litigation costs shall be borne by Party B.

Ren Yi almost couldn't hold back; this was completely a Unfair Terms (overlord clause), utterly unequal.

When he signed it, he genuinely didn't notice these points.

However, fortunately, these were mostly minor issues.

Moreover, this was a unilateral breach of contract situation, and although the compensation clause was unfair to him, it had not taken effect.

Ren Yi said: "Lawyer Xie, may I ask, this clause of Datong Bank is fundamentally unequal and, according to United States law, cannot take effect at all."

Chen Dong politely said:

"Since I am here, I naturally have the confidence to sue you.

If you really don't believe me, you can consult other legal teams."

Ren Yi had a strange aversion to this polite indifference.

He said coldly:

"Alright, since the message has been delivered, you can leave. I will have my lawyer handle this matter later."

Professional matters must be handled by professionals.

Chen Dong said: "Okay, Mr. Ren, this is my business card. Please have your lawyer contact me as soon as possible. I don't think this triple breach of contract compensation is a small sum."

Ren Yi was stunned for a moment:

"Triple? Didn't you just say double?"

Chen Dong said:

"Mr. Ren, it's like this: because you unilaterally breached the contract, and you simultaneously mortgaged the shares to ten banks, each additional bank increases it by one-tenth."

Ren Yi suddenly stood up and asked:

"Nani? What kind of ridiculous clause is this?"

Chen Dong was not at all surprised by Ren Yi's reaction and smiled faintly:

"Mr. Ren, I know you are very agitated, but please don't be. If you have any questions about the determination of the breach of contract, you can sue my client in court."

After speaking, Chen Dong left with his two assistants.

Ren Yi opened the documents, which detailed his breach of contract items.

After reading it, Ren Yi almost exploded with anger.

Because this clause was not there before; he was very sure.

So he quickly took out his copy of the contract, and it was exactly the same.

Ren Yi knew he had been set up.

The contract must have been specially treated, with this clause hidden before signing, and then slowly revealed over time.

Ren Yi then immediately called Zhang Qiang in and asked:

"Do you know any well-known legal teams from United States?"

Zhang Qiang had been in an excited state these past few days and asked curiously:

"Legal team? What do you need a lawyer for?"

Ren Yi handed the document in his hand to Zhang Qiang.

Zhang Qiang casually flipped through it and exclaimed:

"Holy cow, you've been royally screwed."

Ren Yi said:

"Tell me, what should I do now? Can the clauses on this, according to United States law, take effect?"

Zhang Qiang spread her hands, looking helpless:

"I'm afraid it's valid, Mr. Ren."

Ren Yi looked at her relaxed demeanor and became increasingly angry.

Although he now had nearly 600 billion in cash, that was after deducting various taxes.

If he really had to compensate according to the contract, he would have to pay Datong Bank 360 billion.

He would earn almost half less money.

Overall, although he would still make a profit, it was simply unacceptable to Ren Yi.

Zhang Qiang then said:

"Mr. Ren, are you heartbroken?"

Ren Yi gritted his teeth and said:

"Wouldn't you be heartbroken if it were you? However, this matter also reminded me that professional matters should be handled by professionals.

I think that for matters related to compensation, it is still necessary to invite a well-known lawyer. Even if we have to compensate, we will drag it out for three to five years, and it would be even better if we win."

Zhang Qiang also nodded in agreement.

Ren Yi finally asked:

"Has this fund been transferred to the overseas company's name now? I'm ready to start my next plan."

Zhang Qiang asked curiously:

"Mr. Ren, what exactly are you going to do with these funds?"

Ren Yi smiled mysteriously:

"Guess!"

...

The next day.

Zhang Qiang recommended a star lawyer from a Chinese-owned law firm in United States to Ren Yi, named Ouyang Zhenhua.

He would be responsible for contacting Chen Dong.

Anderson's original plan was actually quite malicious.

He had accurately predicted that Ren Yi would sell his shares multiple times, so he set up this trap to sue Ren Yi.

In this way, Ren Yi would not only have to immediately repay all loans but also pay 270 billion in liquidated damages.

At that time, Ren Yi's cash flow would be tight, and to avoid imprisonment after losing the lawsuit, he would have to sell his shares to repay all debts.

Anderson's agent in China could then legitimately acquire Ren Yi's shares at an extremely low price.

Thus, Fenglei Automobile's key technologies would also fall into the agent's hands.

So, from beginning to end, Anderson's goal was to seize the shares in Ren Yi's hands.

He just never expected that Ren Yi now not only held a large amount of cash, but this incident also exposed Datong Bank's agent status in China.

After Jiang Ping received the list of agents from Ren Yi, he immediately reported the matter to the highest authority in Beijing.

The matter was of great importance, and the high-level officials naturally attached great importance to it.

They immediately launched strict monitoring and investigation of the people on that list.

Of course, these are all later developments. Ren Yi can finally show his full potential now and no longer be constrained.

After the previous controversy of cashing out and fleeing, Ren Yi accepted an exclusive interview with CCTV.