Chinese Co. To Restart Wind Projects After US Security Feud

Law360, New York (September 20, 2012, 3:00 PM EDT) -- Chinese-owned Ralls Corp. on Wednesday withdrew its bid for a temporary restraining order against the Committee on Foreign Investment in the U.S., saying it had reached an agreement with the committee to resume construction at wind farm projects the CFIUS had halted due to national security concerns.

Ralls, which is a U.S.-based company owned by two Chinese manufacturing magnates, sued the CFIUS earlier this month after the committee halted Ralls' acquisition of four Oregon wind farm companies for national security reasons. The CFIUS and its chair,...
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