The China Post
Date: January 10, 2017
By: James Lo
TAIPEI, Taiwan — With its assets already frozen by the Ill-gotten Party Assets Settlement Committee (IGPASC, 不當黨產處理委員會), the Kuomintang (KMT) has withdrawn a legal bid to prevent the seizure from being carried out.
Describing the pursuit of the court injunction as “no longer advantageous,” the KMT is still set continue its legal battle against IGPASC through three outstanding lawsuits.
The opposition had requested the injunction in October last year to prevent a Sept. 21 order from IGPASC to freeze assets belonging to KMT from being executed.
The KMT’s lawyers withdrew the claim during a hearing at the Taipei High Administrative Court Monday.
IGPASC’s lawyers said they had received the withdrawal request, and would notify the committee. [FULL STORY]