Article
China’s banks face overseas pitfalls
[A] former CCB [China Construction Bank] employee…filed a civil case against the bank in a New York court, alleging he was…arrested and tortured in 1993 after he made allegations of illegal banking activity to the bank’s audit director…Mr Liu decided to bring the lawsuit against CCB…because personal jurisdiction against the bank became available when it established its first US branch…in New York. The lawsuit said Mr Liu had not brought a case against the bank in China because cases involving the Chinese police cannot be adequately heard and redressed there…CCB told the Financial Times: “…Liu Bo Shan was involved…in an activity that violated public order and for that the local public security organs punished him...Mr Liu…is suing CCB under the Alien Tort Claims Act and the Torture Victims Protection Act.