Goldstar to sue Proton for breach of contract
Published: 07 May 2009 23:41:00 PSTShanghai, May 8 (Gasgoo.com) Chinese company Goldstar Heavy Industrial Co will begin a lawsuit in China against Malaysian automaker Proton for an alleged breach of contract case, reported the Star newspaper on Thursday.
"We are very confident (that we will win the case) based on the figures and documents we have provided to the arbitration court," Yan Baisong, a lawyer representing Goldstar told StarBiz in an interview recently.
Two companies had already met at the Singapore International Arbitration Centre last month. Yang said regardless of the verdict by Singapore court, the suit would still be heard in China.
Goldstar, Proton's former joint-venture partner in China to manufacture cars, is seeking about one billion yuan ($147 million) in compensation for alleged breach of contract.
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