A problem for Australian real eastate

Posted: June 29, 2016 in Uncategorized

I just learnt that a Chinese bank CITIC launched a lawsuit in Canada (Vancouver)  to seize three properties from a Chinese citizen that escaped with irregular money.

Naturally such an international lawsuit has the backing of the government.

If it is a pattern you could see similar situations in Australia.

http://www.theglobeandmail.com/real-estate/the-market/chinas-citic-bank-tries-to-seize-real-estate-assets-in-canada/article30637786/

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