AMSC soars on Sinovel court win

China's Supreme People's Court in Beijing

China's Supreme People's Court in Beijing

US power technology firm AMSC has claimed a victory in the latest procedural twist in its protracted legal battle with Chinese wind group Sinovel.

AMSC said China’s Supreme People’s Court has found in its favour over the jurisdiction of two software copyright infringement cases it brought against Sinovel – formerly the US company’s biggest customer – and Guotong Electric, another company involved in the proceedings.

The decision means the two actions will now be heard as two separate cases in the Beijing No. 1 Intermediate People’s Court and Hainan No. 1 Intermediate People’s Court, said the US firm.

The update sent the company's shares 14% higher in early trading in New York.

AMSC and Sinovel had fought a series of appeals up through Log in to read complete article.

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