CDI's claim for dividends settled South Fund wins

New Express news delayed nearly two years of the South fund dividend case finally fell hammer. December 8, the South Fund issued a notice, has received the Beijing First Intermediate People's Court served the civil decision, the specific ruling is as follows: Dismiss the Ching of China international Economic and Trade Arbitration Commission (2010) to cancel the No. 0152 Arbitration Award of Sino-ITC application. The case handling fee is 400 yuan, which is borne by Ching.　　The ruling is final. It was the result of 2009, the south of the steady growth of the fund share of the fund holders Ching, in respect of the Fund 2007 annual Fund dividend issue, to the South Fund company filed arbitration,　　The South fund is required to compensate for its dividend loss and corresponding interest amount of 66,000 yuan, refund management fee of more than 2000 yuan, the total amount of the dispute is 68628.01 yuan. The South Fund's dividend controversy began in April 2009. As the South Fund did not pay dividends for the South's steady growth of 2nd in 2007, Beijing asked Tian law firm lawyer Zhangyuanzhong to the South Fund, the custodian of ICBC and the fund holder issued the "on the South fund Management Limited in time to allocate 2007 years of profit default liability of the public legal opinion"　　, we hope to recover the share income of $9.735 billion, which is equivalent to nearly 0.7 yuan per share, as at the end of 2007.　　The dividend recovery has been supported by the holders, but the fund insiders disagree, and there is no "at least one dividend per year" statement in the South's robust 2nd fund contract. Finally, the China international Economic and Trade Arbitration Commission ruled that the Southern Fund company does not share the dividend behavior constitutes a breach of contract.　　The arbitration result was interpreted by most media as the first claim of CDI rights. Subsequently, in late October this year, Ching to the first Intermediate People's Court in Beijing to revoke the arbitral award, but the complaint was also dismissed by the court. At this point, once the uproar of the South fund dividend controversy finally fell to the curtain.　　(comprehensive) The South Fund Dividend case List June 18, 2009, Ching on the Fund 2007 annual Fund dividend issue of the arbitration application.　　March 26, 2010, the China International Economic and Trade Arbitration Commission rejected the applicant Ching compensation request.　　October 28, 2010, Ching to the first Intermediate People's Court of Beijing to revoke an arbitral award. December 7, 2010, dismissed Ching's application for rescission of an arbitral award.