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I don't understand why NY Courts would provide this service to China. Do they get paid for it?
by newsclues 3y ago
I don't understand why NY Courts would provide this service to China. Do they get paid for it?
- lotsofpulp 3y agoI am sure there are court fees and whatnot, but more importantly, a significant portion of the tax base in New York State and New York City comes from having a well developed and functioning legal/judicial/financial system, including the people working within it to produce predictable and “fair” results. I put fair in quotes because even though it is obviously subjective, clearly many entities around the world, including China, or investors of Evergrande, however commingled they may be, or whoever else around the world, find it “fair” enough to seek these services in this jurisdiction.
- mensetmanusman 3y agoFair means more fair than the alternative. The whole world suffers from the human factors.
- vulcan01 3y agoI don't know if they get paid for it, but it is apparently NY law. https://www.lexology.com/library/detail.aspx?g=e36cde01-e97b-46bc-869c-f595fcb42ea0 https://www.lexology.com/library/detail.aspx?g=e36cde01-e97b...