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Since this article is 2 years old, the follow up is that China's Supreme Court has ruled in favor of AMSC, but the lawsuits are still bouncing around Chinese co
by jgroszko 12y ago
Since this article is 2 years old, the follow up is that China's Supreme Court has ruled in favor of AMSC, but the lawsuits are still bouncing around Chinese courts:
http://www.bloomberg.com/news/2014-02-19/china-supreme-court-ruling-favors-amsc-in-two-sinovel-suits-1-.html http://www.bloomberg.com/news/2014-02-19/china-supreme-court...
- mbreese 12y agoIf my brief reading is correct, the ruling was that the case should be heard by lower courts and not sent into forced arbitration. So, while this was a "win" it isn't even close to being over. Meanwhile, the Chinese company was being sued in US courts as well... I think that the biggest risk for Sinovel to come out of this is that Sinovel will have no international export market. It wouldn't surprise anyone if they manage to get away with this in their home market, but if they try to export anything, they'll have to contend with international courts. Which means that they will have very few prospects for export sales.