The Wall Street Journal

It takes only an $11,000 debt to end up trapped in China

It takes only an $11,000 debt to end up trapped in China
Foreign executives often don’t know about an exit ban until they try to travel. (Image: Depositphotos)
The Wall Street Journal
By Rebecca FengAn American executive who lives in China went to Shanghai Pudong airport six years ago for a routine business trip to San Francisco. When he tried to cross the border, he was told he wasn’t permitted to leave China.“You know what you did,” the border officer told him. He tried another airport and got a similar response. The executive has been stuck in China ever since. He was the target of an exit ban, a legal tool used by Chinese courts that has left numerous foreign executives trapped inside the coun...

More Law & Regulation

DeVere censured by FMA for failing to meet obligations
Law & Regulation

DeVere censured by FMA for failing to meet obligations

The FMA has censured deVere for failing to comply with obligation under its FAP licence.

Tom Raynel 12:15pm
Country Road loses court battle over duties
Retail

Country Road loses court battle over duties

Country Road has been ordered to retroactively pay $2.5 million in duties and GST.

Foodstuffs alleges defamation over merger opinion piece
Retail

Foodstuffs alleges defamation over merger opinion piece

Chapman Tripp lawyers sent letters to the University of Auckland and Stuff.

Cleaning company escapes much bigger fine for cartel conduct
Law & Regulation

Cleaning company escapes much bigger fine for cartel conduct

The High Court fined Canterbury Industrial Scrubbing $51,000.

Staff reporters 02 Jul 2024