2016-02-17

New Method of Avoiding Capital Controls: Lose Lawsuits

China Capital Flight 2.0: Lose A Lawsuit On Purpose
The adviser had called him essentially to ask Harris & Moure to help the Chinese company deliberately lose a lawsuit for a phony breach of contract that would result in a payout of $3.5 million, which the Chinese company would then send to the U.S.

The money, as it turns out, would be paid to entities in the U.S. controlled by the Chinese company itself.

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