China's State-Owned Businesses May Renege on Commodity Derivatives Contracts | Practical Law
https://content.next.westlaw.com/practical-law/document/If98aaedb1c9011e38578f7ccc38dcbee/China-s-State-Owned-Businesses-May-Renege-on-Commodity-Derivatives-Contracts?viewType=FullText&transitionType=Default&contextData=(sc.Default)
An update on a Reuters report that China's State-owned Assets Supervision and Administration Commission has warned foreign banks that the country's state-owned enterprises reserve the right to default on commodity derivatives contracts.
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China's State-Owned Businesses May Renege on Commodity Derivatives Contracts
Practical Law Legal Update 7-422-4795
(Approx. 2 pages)
China's State-Owned Businesses May Renege on Commodity Derivatives Contracts
by PLC Finance
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Published on 31 Aug 2009
•
USA (National/Federal)
An update on a
Reuters
report that China's State-owned Assets Supervision and Administration Commission has warned foreign banks that the country's state-owned enterprises reserve the right to default on commodity derivatives contracts.