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American Superconductor Corporation Message Board

  • oisalem oisalem May 24, 2013 8:03 AM Flag

    China supreme court

    China supreme court will hear AMSC case against Sinovel on May 29th

    Sentiment: Hold

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    • I have a gut feeling that arbitration will speed up following the supreme court ruling. First, part of Sinovel's jurisdictional objection is that they claim the IP infringement should be heard in arbitration, not the courts. So perhaps the arbitration commission has been waiting to see what the supreme court has to say about that. Second, even though the hearing is only about jurisdiction (not the merits of the case), I think the supreme court could send a message on where it stands on the entire issue, and all parties (the arbitration commission as well as lower courts) are waiting for guidance.

      I believe that if there are to be monetary rewards to amsc, it will come sooner from arbitration than from the courts.

      Just a guess on my part.

      I believe May 29 is just a hearing, and then we have to wait again before the supreme court writes a decision.

      GLTA

    • It is just a juristiction case.......which means we have spent almost 2 years in bureaucratic limbo. I think it is becoming quite clear that AMSC has better odds of returning to profitability before the Chinese court system ever finalizes this case. Hopefully things are going better with the abritration commission......

 
AMSC
0.73-0.01(-1.97%)Dec 17 4:00 PMEST

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