China

China

Sany to keep fighting Obama Oregon judgement

UNITED STATES: Sany has said it is determined to pursue its judiciary procedure against the US government over President Barack Obama's decision to block its ownership of four projects in Oregon.

Ralls CEO Wu Jialiang... "core request accepted by US court"
Ralls CEO Wu Jialiang... "core request accepted by US court"

Sany's statement follows a decision by federal judge Amy Jackson to uphold Obama's right to block Sany subsidiary Ralls Corp's ownership of the four wind farms. However, she said the US government should explain its reasoning behind the decision.

Sany Group, China's largest machinery manufacturer, said its core request in the lawsuit against US President Barack Obama has been accepted.

Sany Group's media official Yang Jian said: "We will persist in the lawsuit to the end and will appeal to the circuit court or the supreme court of the United States if necessary."

Sany’s US-based subsidiary Ralls last year filed a complaint against Obama and the Committee on Foreign Investment in the United States (CFIUS) for blocking its owning of four wind farms in Oregon.

"The core request, which maintains the president's order deprived Ralls of its legal property without executing legal procedures, was accepted by the US District Court in Washington, according to a preliminary ruling issued on February 22," said Wu Jialiang, CEO of Ralls Corp.

The case is subject to further trial after both sides submit more documentation to defend their claims. The ruling said the plaintiff's opposition will be due before 28 March and defendants' reply will be due before 4 April.

Hao Junbo, a multinational litigation and claim expert, said Sany's lawsuit seemed just to have a 20% possibility of success.

However, Xiang Wenbo, president of Sany Heavy Industry Co, said "the case will have a positive influence on Sany's future overseas mergers and acquisitions".

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