Assets committee can appeal
Taiwan News
Date: 2016/12/16 17:15
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The Kuomintang scored a temporary victory in its battle with
BCC Chairman Jaw Shaw-kong(By Central News Agency)
the Ill-Gotten Party Assets Settlement Committee Friday as a court ruled that the transfer of shares in two companies to the state should be suspended.
Appeals were still possible.
The Committee, which was set up by the government, said Central Investment Co. and Hsinyutai Co. were KMT affiliate organizations which should be transferred to the nation.
The main opposition party took the case to court, and on Friday the Taipei High Administrative Court ruled that the issue should be dealt with as an emergency. It decided that allowing the transfer of shares to take place could cause near-irreparable harm, so it should be halted.2 [FULL STORY]
