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Court upholds contract which had not been approved by local authority Supreme People’s Court

  • Baker & McKenzie
  • -
  • China
  • -
  • October 14 2011

Guangzhou Xian Yuan Property Development Company (“Plaintiff”) and Guang Dong Zhong Xin Investment Company (“Defendant”) entered into an agreement for the Plaintiff to sell shares in Guangzhou Yuanxin Housing Property Ltd to the Defendant

New proceedings cannot be brought when a retrial or enforcement is available Jiangsu Higher People’s Court

  • Baker & McKenzie
  • -
  • China
  • -
  • October 14 2011

Two plaintiffs and three defendant companies entered into a court-approved settlement agreement to resolve a share and asset transfer dispute