A US federal court of appeal has made a verdict in the favour of Chinese machinery company The Sany group after it sued the Obama administration for infringement of their legal rights.
In 2012 the Comittee for Foreign Investment prohibited an acquisition by Ralls Corp., a subsidiary of Sany Heavy Industry. Ralls originally planned the acquisition of four wind power plants close to a naval base in Oregon but the acquisition was halted by the Obama administration on the grounds of national security.
The court ruled that the directive issued by the government violated the company’s constitutionally protected property rights.
Although the ruling is a landmark case in that it’s the first case to legally challenge a Committee for Foreign Investment decision, experts say that the ruling won’t have a significant impact on future Cfius rulings.
Warning：The use of any news and articles published on eChinacities.com without written permission from eChinacities.com constitutes copyright infringement, and legal action can be taken.
Keywords: Chinese company sues Obama administration Sany sues Obama
All comments are subject to moderation by eChinacities.com staff. Because we wish to encourage healthy and productive dialogue we ask that all comments remain polite, free of profanity or name calling, and relevant to the original post and subsequent discussion. Comments will not be deleted because of the viewpoints they express, only if the mode of expression itself is inappropriate.
Please login to add a comment. Click here to login immediately.
America, continuing to kiss China's ass. Where are the anti-Obama Republicans on this one?
Jul 20, 2014 06:39 Report Abuse
not against Obama. If it was a presidential order i don't think the supreme court could over turn it, not without huge political ramifications and no doubt the fall of the western world and the return of jesus
Jul 17, 2014 20:55 Report Abuse
Sign up with
Google
(
(