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...