Shanghai Securities News: The verdict in the case of Sany v. Obama is expected to be announced in mid-September

Source: Shanghai Securities News

In recent years, there have been frequent incidents of Chinese companies encountering obstacles to their investment in the United States. Not only did RALLS fail in its wind power project in the United States, but Chinese companies such as Huawei and ZTE also encountered obstacles when landing in the United States. As a result, users of international relations issues generally agree that the exemplary effect of this lawsuit is more important than the outcome, and that it sets an example for Chinese companies investing in the United States to be brave enough to stand up against injustice. Chen Fengying, a scholar at the China Institute of Contemporary International Relations, said: "If this case can give Chinese companies an explanation, it will be a success." ”
It's been almost a year since Sany Group formally sued Obama and the U.S. Foreign Investment Review Board (CFIUS) last September. The reporter learned from Sany Heavy Industry yesterday that the verdict of the case is expected to be in mid-September this year.

　　Trinity stated that it would strive to the end
On July 11, local time in the United States, the case of Sany Group and its affiliated company RALLS suing Obama and CFIUS was heard again in the Federal District Court for the District of Washington, D.C.
The hearing, which lasted about an hour and a half, was at stake in the argument over whether RALLS had definite property rights to the four wind turbines built in Oregon, and whether CFIUS and Obama had clearly communicated the reasons before the ban was issued.
At the end of the day's hearing, Judge Jackson, who presided over the case, said a written order would be issued in due course. RALLS' team of lawyers expects the verdict to be around mid-September.
After the hearing, Sany issued a statement saying, "RALLS SEEKS ONLY THE PROTECTION AFFORDED BY THE CONSTITUTION AND REQUIRED BY JUSTICE: THAT IS, THE GOVERNMENT INTERPRETS ITS ACTIONS AND GIVES RALLS AN OPPORTUNITY TO RESPOND SUBSTANTIVELY." RALLS is pleased to have the opportunity to hear this case. RALLS firmly believes that the dignity and authority of the Constitution are sacrosanct. ”
Wu Jialiang, deputy general manager of Sany Group and executive officer of RALLS Corporation in the United States, also stressed that Sany sued Obama as a last resort and will fight to the end on the basis of reason.
 

　　The case demonstration effect is even more important
In fact, the progress made in this case has exceeded market expectations.
* At first, public opinion generally believed that the case was impossible to accept, but in February this year, the District Court for the District of Columbia officially accepted the case. The court found that there were procedural issues in the confiscation of the Sany Wind Power Project by the Oba President Ma, and that the lawsuit filed by Sany Group was reasonable.
Users of international relations generally agree that the lawsuit is more important than the outcome, and that it sets an example for Chinese companies investing in the United States to stand up against injustice. Chen Fengying, a scholar at the China Institute of Contemporary International Relations, a user of international economic issues, said: "If this case can give Chinese companies an explanation, it will be a success. ”
While Trinity was in court with Obama and CFIUS, the fifth round of the U.S.-China Economic and Strategic Dialogue was held in Washington, D.C., on July 10-11. One of the three main topics of the dialogue is the Bilateral Investment Treaty (BIT), which aims to make business and investment smoother between the two countries.
In recent years, there have been frequent incidents of Chinese companies encountering obstacles to their investment in the United States. Not only did RALLS fail in its wind power project in the United States, but Chinese companies such as Huawei and ZTE also encountered obstacles when landing in the United States.
After this round of dialogue, the US side pledged to treat Chinese companies investing in the United States fairly and maintain an open investment environment for Chinese investors, including state-owned enterprises. The U.S. side also commits that all CFIUS investment reviews are based on national security, not economic or other national policies.
Zhou Dalin, deputy director of the Fair Trade Bureau for Imports and Exports of the Ministry of Commerce, said that "if the trade war really breaks out, our attitude, *5656 is against it, and the second is not afraid." In Zhou Dalin's view: "There is a huge market of 1.3 billion people in China, and this market is still growing. ”
In response to Zhou Dalin's statement, Xiang Wenbo, director of Sany Group, responded positively on his personal Weibo, saying: "China can be tough, China should be tough!" ”