SHAWN McCARTHY
OTTAWA — The Globe and Mail
Published
Last updated
Backed by Beijing’s order to invest abroad, Chinese firms are shedding their political caution and becoming increasingly aggressive in launching legal actions to defend their interests against western governments.
In the U.S., Chinese-owned Ralls Corp. is suing President Barack Obama and his government for blocking the acquisition of a wind farm over national security concerns. In Europe, China’s second-largest insurer, Ping An Insurance Group, has launched a $2-billion arbitration claim against the Belgian government over the expropriation of a Belgian-Dutch bank in which it had invested.
http://www.theglobeandmail.com/report-on-business/industry-news/the-law-page/china-turns-to-courts-in-business-disputes-with-western-governments/article4590246/
The Harper government, with virtually no debate in the House of Commons, is bringing into force later this month the bilateral Foreign Investment Promotion and Protection Agreement (FIPA). As result, Canadians can expect Chinese firms to follow the lead of North American counterparts, who have successfully used the dispute settlement provisions of the North American free-trade agreement to challenge domestic laws and regulations.
Harper is a desperate man seeking instant acknowledgement with total disregard for Canada's future....... and the Chinese shall rule the country
Last updated
Backed by Beijing’s order to invest abroad, Chinese firms are shedding their political caution and becoming increasingly aggressive in launching legal actions to defend their interests against western governments.
In the U.S., Chinese-owned Ralls Corp. is suing President Barack Obama and his government for blocking the acquisition of a wind farm over national security concerns. In Europe, China’s second-largest insurer, Ping An Insurance Group, has launched a $2-billion arbitration claim against the Belgian government over the expropriation of a Belgian-Dutch bank in which it had invested.
http://www.theglobeandmail.com/report-on-business/industry-news/the-law-page/china-turns-to-courts-in-business-disputes-with-western-governments/article4590246/
The Harper government, with virtually no debate in the House of Commons, is bringing into force later this month the bilateral Foreign Investment Promotion and Protection Agreement (FIPA). As result, Canadians can expect Chinese firms to follow the lead of North American counterparts, who have successfully used the dispute settlement provisions of the North American free-trade agreement to challenge domestic laws and regulations.
Harper is a desperate man seeking instant acknowledgement with total disregard for Canada's future....... and the Chinese shall rule the country
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