A Malaysian man convicted of stealing watches from a Cartier shop on Wanfujing Street was sentenced to 12 years in prison on Monday and fined 24,000 yuan ($3,692), the Beijing No 2 People's Intermediate Court reported.
In recent years, Chinese courts have handled a growing number of cases involving foreigners in family disputes, specifically in matters over children and property. According to the Supreme People's Court, there is a growing awareness of foreign laws in cases in which a Chinese citizen and resident marries a foreigner.
Bank of China Ltd is seeking to appeal against a United States court order that imposes $50,000 daily fine on it for withholding information.
Bank of China Ltd faces a fine of $50,000 for each day it refuses to turn over account information on Chinese customers suspected of selling counterfeit luxury goods.
The ruling suggests that any private industry production and operations should abide by law and that Chinese and foreign companies are equal before the law. They have a responsibility to protect and restore the environment and to pay compensation for proved loss to others.
Attorneys for Ralls Corp, a US subsidiary of China's major machinery manufacturer Sany Group, has settled its four-year lawsuit against the US government.