Law & Regulation

NZ judge recognises Chinese court in $23m claim

Victoria Young
Fri, 13 Nov 2020

A High Court judge has opened the door for a Chinese state-owned enterprise to enforce a $23 million judgment in New Zealand.Associate judge Roger Bell ruled that the body which awarded the sum to Chinese electricity firm Hebei Huaneng Industrial against DeMing Shi looked enough like a court for the Chinese SOE to continue proceedings here.The High Court at Auckland heard on Nov. 4 how Shi gave personal guarantees as part of a contract under which his firm, Boen Capital Co, supplied coal to the Chinese firm.After several hearings in China...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance

Govt venture fund loses 2nd CEO

Pattrick Smellie | Fri, 04 Dec 2020

The exit comes a day after a new chair was appointed.

Law & Regulation

Law Commission wants regulation of litigation funders

Victoria Young | Fri, 04 Dec 2020

Class action law reform nudges along

Retail

Funders disappointed as Nido enters receivership

Victoria Young | Fri, 04 Dec 2020

The company pitched as NZ's answer to Ikea has been placed into receivership.

NZ judge recognises Chinese court in $23m claim

Not convinced yet?

Your company has a subscription

Team