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Joined 2 years ago
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Cake day: June 22nd, 2024

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  • why can they just sue someone for refusing to buy something

    From the article:

    As part of the agreements, the Chinese fund granted the remaining minority shareholders an option to require it to purchase their remaining shares for about $9.5 million, now valued at roughly $11 million, by early December 2025.

    especially when buying it would be illegal

    Legality in country A is completely irrelevant for suing someone in country B.

    Also, in many countries having a realistic chance of winning the case is not a prerequisite to suing anyone for anything.