It looks like Ralls Corp. will have a tough time fighting the Obama administration on Friday's executive order blocking the purchase of four wind farms in Northern Oregon. An article in today's Wall Street Journal quoted a legal expert as saying the company was facing "an uphill battle in its bid for justice."
President Barack Obama issued the order on Friday citing national security concerns following an investigation by the Committee on Foreign Investments in the United States (CFIUS). The wind farms would have been in close proximity to a US Naval weapons testing facility.
It was the first time in 22 years a US president had blocked a foreign investment.
Ralls Corp. is a Delaware-based, Chinese-owned company backed by the international construction machinery conglomerate Sany Group.
"We'll seek a fair and square result," Chinese newspaper Xinhua quoted Sany legal affairs head Zhou Qing as saying, the Journal reported. Adding, "He also accused the Obama administration of wanting to help domestic industry."
Washington Wire reported that a Treasury Department official said today that Obama's decision to block acquisition of the wind farm projects can't be reviewed by the judicial system, "possibly making moot any lawsuit."
SANY Group began in 1989 as a small welding material factory, and is now a global corporation with five industrial parks in China, five R&D and manufacturing bases in America, Germany, India, Brazil and Indonesia, and 21 sales companies around the world.
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