CIT Backs Commerce On Chinese Aluminum Subsidy Figures

Law360, New York (February 19, 2014, 7:35 PM EST) -- A U.S. Court of International Trade judge on Wednesday affirmed the U.S. Department of Commerce's estimate of a government subsidy given to a Chinese aluminum extrusion company, dismissing claims from a coalition of American manufacturers that the agency couldn't justify its findings.

CIT Chief Judge Donald Pogue said Commerce's decision, on remand, to use a site in the Philippines as a benchmark for measuring a land-use subsidy provided to New Zhongya Aluminum Co. instead of more valuable real estate in Thailand was justified, shooting down the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.