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出 处:《China's Foreign Trade》2009年第20期58-59,共2页中国对外贸易(英文版)
摘 要:In November 1994, the Claimant and the Respondent signed an agreement to establish a limited liability entertainment company (the joint venture). The contract required both parties to contribute capital, including a one-time payment of registered capital made within five months of acquiring the necessary license to conduct business. The joint venture obtained a copy of this license on November 30, 1994. The Claimant argued that it provided capital in full within the time limit specified by the contract and alleged that the Respondent was unable to fulfill its obligations because the property it intended to provide as capital had already been mortgaged to another party. Negotiations conducted by the parties concerning this dispute failed to produce a result. In 1996, according to the terms of the contract, the Claimant referred the matter to CIETAC for arbitration.Basic facts In November 1994,the Claimant and the Respondent signed an agreement to establish a limited liability entertainment company(the joint venture).The contract required both parties to contribute capital,including a one-time payment of registered capital made within five months of acquiring the necessary license to conduct business.The
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