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International commercial court has first hearing

By Cao Yin in Xi'an | China Daily | Updated: 2019-05-30 07:24

Judicial professionals applauded the first public hearing by a court established to hear international commercial disputes as a "landmark step" to showcase China's judiciary to the world and improve its global credibility.

The trial focuses on a shareholder dispute related to Red Bull, a popular energy drink that originated in Thailand, and opened on Wednesday at the No 2 International Commercial Court in Xi'an, Shaanxi province.

Ruoychai International Group Co from Thailand alleged it had entrusted 7 percent of equity of Red Bull to Inter-Biopharm Holding Limited. Ruoychai has now demanded the equity be transferred under its name.

International commercial court has first hearing

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