As you are probably aware, on 19 April, China seized the Baosteel Emotion (Japanese cargo vessel) to pay for “economical damages” sustained by a Chinese businessman back during the Pacific War.
The Japanese military confiscated the two ships from the Japanese Company (who leased them from a Chinese Company), that were eventually sank (probably at the hands of the Americans.
So…. A relative of the Chinese businessman sues the successor Japanese company (of the company that no longer exists that leased the ships), instead of the Japanese Military that confiscated the vessels…? Or the (probable American) Military that sank the vessels…?
On top of this, the Chinese government supported the ruling, even though this was clearly a military seizure which the Japanese company probably couldn’t have refused.
Some articles suggest it would be unlikely to see more cases similar to this; however, since China got away with it once… I feel they will do it again.
What are your thoughts on this issue? Is China acting responsibly? Or are they setting themselves up for disaster by creating an aura of distrust with their trading partners?
Read the article here