Why take this case to the Chinese Court? Wouldn't it be more logical to take this to an American Court? I mean, if I buy a car from a dealer abroad, where would I stand trial if I gratefully accept the car, drive home and don't pay? I can't imagine that AMSC didn't think of that one...
What i would like to now, apart from the Sinovel case, why is Kevin Douglas still bying? Imo he must know 'a sure thing' we don't know...
Anyone with an opinion on that?
the dealer abroad would sue you in a US court because that's where the car is located. Why would AMSC sue in the US and for what? The turbines, factory, goods not paid for, IP theft all occurred in China. US courts have no jurisdiction in China.
Sinovel is guilty, the courts are guilty and the Chinese government is guilty for condoning unfair trade and corporate corruption.
Already companies are moving back to the USA and consumers are wising up to the crooked Chinese business sector and demanding made in America products. This movement is just starting and will pick up a head of steam if AMSC loses because the whole world is following this lawsuit and its outcome.
no doubt this is a high profile case, Karabesevic was sent to jail for a reason, Amsc trial is being watched by the Obama administration like a HAWK, America HAS HAD AENOUGH OF THIS CORRUPTION, they are costing U.S. companies billions a year
Sentiment: Strong Buy
the question is not, if sinovel is inocent. the question is, if it's illegal after chinese law. i am not an expert in chinese law, but i've read an article by some chinese professor that stealing trade secrets is not forbidden by law in china. and i've also heard that everything that might be "in interest of the chinese people and the chinese nation" makes illegal things legal. this is not my opinion. and i am not sure if it's true or not, but china's legal system certainly cannot be compared with western systems and stanards. also chinese thinking is different. (somone told me that in western countries a contract is the end of negotiations - in china it's the beginning of negotiations)
don't expect a trial with western standards. and don't expect, if amsc wins the legal battle they will automatically see some money afterwards. at least i would never bet on that...
japankokura- this may all be true,but if amsc is not treated correctly ( in the worlds view ) and the obvious outcome would be that amsc was ripped off by sinovel ( especially the ip theft and the not paying for goods allready delivered ) and that they deserve just recompense period. than just like jeeree234 says the whole world not just people in the usa will be avoiding the made in china label and buy made in any other country products no matter what the price.