Grim up north (5)

Cautionary tale

"International arbitration is necessary for the case," Lai Jianping, an independent researcher and a former partner at Beijing-based Transking Law Office, told the Global Times Sunday.

It's difficult to make a judgment on the case, Lai said, while noting that Chinese companies planning to invest abroad can still learn lessons from it.

"As well as complying with local laws and regulations, the companies also need to understand more about the investment destination, like their culture, politics and public opinion, as well as social relations," Lai said.

Fu said he is confident he will win the lawsuit if MOFCOM agrees to help him apply for international arbitration as he has enough evidence.

But Fu also confessed that the risks of investing outside are much higher than he had expected. "A comprehensive investigation is the most important preliminary step," he said.

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