China's Litigation Boom

You might not think of China as a mecca of legal activity, but more and more Chinese are turning to their courts to resolve business disputes. In the first eight months of 1995, Chinese courts were hit with an astounding 697,000 such cases, reports the official Legal Daily. Of that number, 596,000 cases involving $9.6 billion in claims were resolved. An increasing number of the cases involve intellectual property, as Chinese companies go after rip-off artists within China.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.