Chinese court dismisses Weixin claim against OUE Lippo

The Wuxi Xinwu District Court held that a 2015 land transfer between Wuxi Yilin and Wuxi New District Phoenix Hospital was legal.

The Wuxi Xinwu District Court of Jiangsu, China has dismissed Weixin Hospital Investment Management’s legal claim against OUE Lippo Healthcare, according to a press release.

In August 2018, Weixin filed proceedings against Wuxi Yilin Real Estate Development and Wuxi New District Phoenix Hospital, claiming that a land transfer agreement between the two parties dated 15 January 2015 was void.

On 22 November, the court dismissed Weixin’s application and declared that the land transfer was legal, ordering Weixin to pay the Court’s fees for the proceedings.
Weixin has 15 days to appeal the case to the Wuxi Intermediate Court; if it fails to do so, the judgment will be final and binding on all parties.