FSIGC definition

FSIGC means Fujian Shipbuilding industry Group Corporation of 00 Xxxxxxxx Xxxx, Xxxxxx, Xxxxxx, The People’s Republic of China and includes its successors in title;
FSIGC means Fujian Shipbuilding Industry Group Corporation, a corporation duly organized and existing under the laws of the People’s Republic of China, having its registered office at 00 Xxxxxxxx Xxxx, Xxxxxx, Xxxxxx, The People’s Republic of China and includes its successors in title; “FSS” means Fujian Southeast Shipyard, a corporation duly organized and existing under the laws of the People’s Republic of China, having its registered office at 7# Jianshe Road, Economic Technical Development Zone of Fuzhou, Fujian Province, The People’s Republic of China and includes its successors in title; “Government Entity” means and includes (whether having a distinct legal personality or not) any national or local government authority, board, commission, department, division, organ, instrumentality, court or agency and any association, organisation or institution of which any of the foregoing is a member or to whose jurisdiction any of the foregoing is subject or in whose activities any of the foregoing is a participant; “Indebtedness” means any obligation for the payment or repayment of money, whether as principal or as surety and whether present or future, actual or contingent;

Examples of FSIGC in a sentence

  • Moreover, the Chinese court provided a reasoned opinion that denied enforcement on the ground that the panel’s third arbitrator did not approve the final draft.Accordingly, the district court correctly concluded that there did not exist an alter ego relationship between FSIGC and the PRC, and properly dismissed FSIGC for lack of personal jurisdiction.

  • FSIGC is a Chinese state-owned entity, and Mawei is a private corporation of which FSIGC is a majority shareholder.First Investment alleges that the Fujian Entities breached the contracts by refusing to honor an option agreement.

  • The Wang and Lin declarations established that FSIGC was wholly-owned by the PRC, and that a branch of the PRC appoints FSIGC’s board of directors and senior management personnel, and exercises the rights of a shareholder.

  • Evidence of the PRC’s control over Mawei is even more attenuated than that over FSIGC and is also dependent on there being an alter ego relationship between FSIGC and the PRC.

  • Applying the considerations in Bancec to each of the Fujian Entities we conclude that the district court did not err in determining that First Investment has not overcome the presumption in favor of FSIGC and Mawei’s separate juridical identity.

  • The aforementioned Wang and Lin declarations only show that FSIGC directly owns 56.21% of Mawei’s total share capital.

  • First Investment has also not shown that the PRC is shielding FSIGC from an adverse arbitral award because the real burden of such an award would fall on the PRC.

  • FSIGC also effectuated Mawei’s reconstruction and the two companies share senior management personnel.

  • FSIGC and Mawei (collectively, the “Fujian Entities”) are Chinese companies.

  • Just as the PRC’s 100% ownership of FSIGC is insufficient to establish the necessary degree of control under Bancec, so too is FSIGC’s majority share ownership of Mawei not enough to demonstrate that the PRC, through FSIGC, controlled Mawei and create an alter ego relationship.

Related to FSIGC

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