September 2, 2009
Shijiazhuang Administration of Industry and Commerce sued for failing to allow access to corporate recordsHere's an interesting story from Caijing. Plaintiff wanted access to corporate records held by the local AIC (whose job it is to hold such records) in order to help resolve a dispute over stock ownership. The AIC refused to give access, claiming that it had lost the records in a move, and that in any case the type of records it held could not prove her case. Corporate records are supposed to be public, but I'm told (I've never tried) that in fact you can't just walk in and get access; you need to satisfy the AIC that you have some legitimate need. The plaintiff here is claiming a violation of both the Company Law and the Regulations on Open Government Information. No judgment yet.
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