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Overseas legal cases on the rise in Shanghai SHANGHAI: China's business hub has seen an 81 per cent increase in international business lawsuits in each of the last three years, according to Shanghai High People's Court. "Most of them involved international purchasing, investing in Shanghai, maritime cargo transportation and ship collisions," said Pan Furen, deputy president of Shanghai High People's Court. "Companies and individuals from nearly 50 countries have filed lawsuits or have been charged in Shanghai. This includes people from the United States, France, Britain and Germany," Pan said. Large amounts of money are involved, he added. For example, in April 2001, a South Korean chemical carrier with 2,290 tons of phenyl-ethylene on board collided with a Hong Kong bulk cargo vessel in dense fog in the Yangtze River estuary. The accident, considered the world's largest ever phenyl-ethylene leakage, caused severe pollution. The relevant government departments, including the Shanghai Maritime Administration Bureau, Shanghai Environmental Protection Bureau and the Fishing Administration Bureau, claimed compensation of up to US$8 million from the two ship owners. The 2,121 lawsuits in Shanghai in three years were related to some 5.2 billion yuan (US$629 million). And as more foreign companies and individuals choose to invest in Shanghai, more lawsuits are expected. (China Daily 04/29/2005 page3) |
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