China's Sany Group Co. Ltd. said on March 2 that its core request in the lawsuit against U.S. President Barack Obama has been accepted.
Sany's U.S.-based subsidiary Ralls Corp. last year filed a complaint against Obama and the Committee on Foreign Investment in the United States (CFIUS) for blocking its ownership of four wind farms in Oregon.
The core request, which maintains that the president's order deprived Ralls of its legal property without executing legal procedures, was accepted by the U.S. District Court in Washington, D.C. according to a preliminary ruling issued on February 22, said Wu Jialiang, CEO of Ralls Corp.
Wu said the Sany case provides a model for other Chinese investors to protect their legitimate rights via legal means when facing similar resistance from the CFIUS.
The case is subject to further trial after both sides submit more documentation to defend their claims. |