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Re:Nvidia prepares to abandon $40B Arm bid by option_greek on Tuesday January 25, 2022 @08:10AM (#30071359)
Wow that's an interesting read. So anyone who holds a rubber stamp of a company can steal the whole company? That's some screwed up legal system.
Re:Nvidia prepares to abandon $40B Arm bid by duxup on Tuesday January 25, 2022 @08:35AM (#30071600)
The judiciary in China isn’t independent, or consistent. I suspect the reason for the decision is just a handy reason to give.
Re:Nvidia prepares to abandon $40B Arm bid by gorjusborg on Tuesday January 25, 2022 @09:18AM (#30072012)
My impression is that the CCP's idea of justice is whatever benefits the CCP.

This doesn't differ too much from other nations except in degree and in their ability or willingness to hide that fact.

Re:Nvidia prepares to abandon $40B Arm bid by jl6 on Tuesday January 25, 2022 @11:14AM (#30073546)
I squinted, but I can’t see any way to draw a moral equivalence between the Chinese justice system and, say, the UK justice system. There’s a fundamental and massive difference in approach to the rule of law.
Re:Nvidia prepares to abandon $40B Arm bid by gorjusborg on Tuesday January 25, 2022 @12:22PM (#30074636)
I'm from the U.S..

I initially was going to say that CCP really only cares about its own interests.

Then I thought about my own country's actions and policies for a moment before posting (Guantanamo, labor and privacy laws, the 'medical system', and 'education system').

My revised thought was that the main difference is in whether the country still even pretends to seek justice for its citizens.

I do think there are differences, especially in degree, but the general motivations and actions seem similar enough.

Re:Nvidia prepares to abandon $40B Arm bid by SkyMarshal on Tuesday January 25, 2022 @12:19PM (#30074601)
> My impression is that the CCP's idea of justice is whatever benefits the CCP.

Of course, there’s no separation of powers in China, the courts are not independent, they are part of the Communist Party of China. Nor is there a constitution that all court decisions must uphold. The only guidestar of the Chinese court system is to keep the CPC in power, and uphold laws passed by the CPC, nothing else.

> This doesn't differ too much from other nations except in degree and in their ability or willingness to hide that fact.

It differs from Constitutional republics where the court system is independent from political parties and mandated to ensure all laws passed by the legislative branch and actions taken by the executive branch do not violate the constitution, regardless which party is in power at the time.

Yes different political parties will try to pack the court when they can, but that pendulum swings back and forth over time. There’s a social contract with the citizenry that doesn’t exist in Communist countries - adhere to the constitution or be kicked out of power in future elections. You can see the evidence in how often power changes hands between parties.

Re:Nvidia prepares to abandon $40B Arm bid by gorjusborg on Tuesday January 25, 2022 @12:26PM (#30074710)
> There’s a social contract with the citizenry that doesn’t exist in Communist countries - adhere to the constitution or be kicked out of power in future elections

I am thankful for that difference. That said, recent political events in the U.S. have shown how much of that 'contract' is just convention.

Re:Nvidia prepares to abandon $40B Arm bid by imron on Tuesday January 25, 2022 @06:23PM (#30079573)
Nope. In China, if you have control of the company stamp, you have executive control over the company and can use it to enter legally binding contracts.
Re:Nvidia prepares to abandon $40B Arm bid by imron on Tuesday January 25, 2022 @06:21PM (#30079560)
Essentially yes. It acts in lieu of a signature, and the company stamp is usually closely guarded by trusted executives.

It’s a problem when those executives go rogue and there are many cases of it causing problems for companies in China, both for foreign and domestic companies.