« The Regulatory Framework for the Financial Services Industry | Main | Irrational Exuberance 5, or, Should You Enter the China Market? »

Chinese Business and the "Legal Netherworld"

Although I rarely post links to articles in other publications without surrounding them with context and commentary, I do so today and recommend you read Joseph Kahn's, Dispute Leaves U.S. Executive in Chinese Legal Netherworld. The dispute between Changhong (长虹), a state-owned enterprise in Sichuan (四川), and Apex Digital involves several hundred million US dollars in what is alleged to be unpaid debt,an American citizen of Chinese origin under house arrest in private (not public) quarters, the police of the city of Mianyang (绵阳), Morrison & Foerster in New York, Cadwalader, Wickersham & Taft in Washington, DC, Wal-Mart, Best Buy and Circuit City, and goodness knows who else.

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

About

This page contains a single entry from the blog posted on November 1, 2005 2:47 PM.

The previous post in this blog was The Regulatory Framework for the Financial Services Industry.

The next post in this blog is Irrational Exuberance 5, or, Should You Enter the China Market?.

Many more can be found on the main index page or by looking through the archives.

Creative Commons License
This weblog is licensed under a Creative Commons License.
Powered by Movable Type 3.31
Hosted by LivingDot