What the SPC's VAM judgement means for investors

February 26, 2013 | BY

clpstaff &clp articles

A decision by the Supreme People's Court on the value adjustment mechanism has left investors worried, but if their intentions reflect the spirit of the mechanism the courts will still uphold their investments

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The valuation adjustment mechanism (VAM), also known through its Chinese name as a gambling agreement, used to attract attention from private equity (PE) investors. This was caused by unexpected decisions