Hong Kong FDI jeopardised by US fund lawsuit

Author: | Published: 8 Apr 2011

The rejection of a US investment fund’s Hong Kong lawsuit against the Democratic Republic of the Congo could have a harmful impact on foreign investment into the region. New York-based fund, FG Hemisphere Associates’ $100m claim for assets owed to Congo by Chinese state-owned company, China Railway Group, has sparked debate in Hong Kong’s Court of Final Appeal. Some fear the financial centre’s ability to deliver autonomous justice in commercial disputes. "The Hong Kong government’s rationale is very much that 'one country, two systems’ is simply inapplicable when it comes to something like...