Chinese firms turn to US courts to fight sanctions, one case at a time
Prominent lawyer John Quinn says Chinese companies can argue their positions and win in US courts, despite heated geopolitical landscape
John Quinn, a founding partner of Quinn Emanuel Urquhart & Sullivan LLP and a leading commercial litigator, said while Chinese companies are more scrutinised in the US compared to firms from other countries, they can get a fair trial there despite hawkish political narratives making the odds seem stacked against them.
“In the US, the legal system is not perfect, injustices happen. But the results we have achieved for Chinese companies refute the idea that there’s a prejudice that tilts the results,” Quinn said in an interview on Sunday.
According to data from the US Bureau of Economic Analysis, first-year foreign direct investment expenditures of Chinese firms peaked in 2016 at US$27.4 billion and slowed dramatically in subsequent years, falling below the billion-dollar mark in 2019.
As a result, China is no longer among the top investors in the US, presently dwarfed by smaller economies like Qatar, Spain and Norway.