Shenzhen Development Bank (SDB) is no longer selling a 7% stake to General Electric citing "relevant regulations," suggesting that the sale was not approved by industry regulators, AP reported. The cancelation may have been due to the fact that stake's pricing, based on 2005 levels, is well below the current value of SDB's stock, which […]
Category: Law & Regulation
The Ministry of Education announced Thursday that it will work with employment officials to investigate the illegal employment of minors, following reports that agencies and individuals are luring minors to work part-time jobs and internships, state media reported. The ministry bans students from interning during their first year in vocational school, and warned these schools […]
Shareholders of LDK Solar, a Chinese solar power company listed on the New York Stock Exchange, have filed several lawsuits in the US against the company, the Wall Street Journal reported. The shareholders, who are currently seeking class action status, have accused the company of accounting fraud. The allegations began after a former employee, Charlie […]
The Intermediate People's Court in Wenzhou, Zhejiang province has ordered France's Schneider Electric to pay a US$45 million in damages to a Chinese company for patent infringement, the largest amount ever awarded in an intellectual property case in the country, the Financial Times reported. The court also issued an injunction ordering Schneider to stop making […]
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Disorderly competition
An effective competition law needs an independent administrator, not another interagency turf war