2021.05.24
On July 28, 2020, the Ministry of International Trade and Industry (MITI) of Malaysia initiated the anti-dumping investigations into cold-rolled stainless steel plates/coils originating in Indonesia and Vietnam upon the application by the Malaysian domestic industry. JunHe LLP represented PT.INDONESIA RUIPU NICKEL AND CHROME ALLOY (IRNC) affiliated to Tsingshan Holding Group Co., Ltd. (Tsingshan) in responding to the investigation against IRNC. After responses to questionnaires, legal defenses and online video verifications, it is ruled by the MITI finally that the dumping margin for IRNC was negative. On April 23, 2021, Malaysian government issued an announcement, declaring to terminate the anti-dumping investigation against IRNC completely. IRNC was the only one in the investigations who has obtained the zero tax rate result (the anti-dumping rates were 8.80% to 34.82% for other Indonesian companies, and 7.81% to 23.84% for Vietnam companies.). JunHe LLP assisted its client to win a full victory in the subject investigation.
Tsingshan is a multinational group among the world's Top 500, and one of China's, and even the world's, largest stainless steel production enterprises. IRNC is marked as an important achievement example of Tsingshan in keeping pace with China's globalization development policy and effecting the cooperation-based projects between China and Indonesia under China’s Belt and Road Initiative (BRI).
In the previous anti-dumping/countervailing cases, the PRC lawyers generally represented either their Chinese clients in responding to investigations conducted by foreign governments or their foreign clients in responding to investigations conducted by the PRC’s MOFCOM. The Case is another successful milestone for JunHe LLP to represent its foreign clients in responding to a series of anti-dumping/countervailing investigations conducted by third-party countries after the EU hot-rolled stainless steel case. This not only embodies the good trends of both the Chinese enterprises and the PRC legal service going out (for international competition), but also shows the growth and progress of the PRC lawyers and the PRC legal service. JunHe LLP has demonstrated a deep understanding of the countervailing laws/WTO rules and the proficient ability to deal with financial issues, and provided optimal solutions to its clients.
The lead partner of the Matter is Ms. YI, Fang and Mr. ZHOU, Yong (Z.).
