jonlevy
Joined: 22 Feb 2009
Posts: 1
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 Posted: Sat Jan 30, 2010 2:31 am Post subject: Defaulted Chinese Gold Bonds |
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The bonds have exotic names like Imperial Chinese Government Hukuang Railways Gold Loan, French Boxer Indemnity and 1913 Reorganization Gold Loan and they are all in default.
Holders of Chinese bonds issued from 1895-1942 which are all in default since 1949 are taking on the former masters of Nationalist China – the Kuomintang. The bondholder plaintiffs which include two American bond holding corporations and the Taiwan Civil Rights Litigation Organization are suing the Kuomintang’s business management committee for an accounting and redemption of 120,000 separate bonds some over 110 years old and backed by gold.
The name of the case filed in the United States District Court for the Northern District of California is Taiwan Civil Rights Litigation Organization et al v. Kuomintang Business Management Committee – Case No. C10-362JL.
http://www.scribd.com/doc/26010360/TCRLO-v-KMT-01-29-10
http://www.examiner.com/examiner/x-34331-Taiwan-Policy-Examiner~y2010m1d29-Kuomintang-sued-in-US-court-for-recovery-of-stolen-assets |
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