China's Sany Group Co., Ltd. said Saturday that its core request in the lawsuit against U.S. President Barack Obama has been accepted. The Chinese company's U.S.-based subsidiary Ralls Corp. last year filed a complaint against Obama and the Committee on Foreign Investment in the United States (CFIUS) for blocking its owning of four wind farms in Oregon. The core request, which maintains that the president's order deprived Ralls of its legal property without executing legal procedures, was accepted by the U.S. District Court in Washington according to a preliminary ruling issued on Feb. 22, said Wu Jialiang, CEO of Ralls Corp. during a news briefing. Wu said the Sany case provides a model for other Chinese investors to protect their legitimate rights via legal weapons when facing similar resistance from the CFIUS. Xiang Wenbo, president of Sany Heavy Industry Co., said the case will have a "positive influence" on Sany's future overseas mergers and acquisitions. The case is subject to further trial after both sides submit more documentation to defend their claims.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor