The law’s the law, says Aussie tycoon

Mining magnate Clive Palmer discusses his dispute with Citic Pacific, which he is suing for non-payment of royalties from the Sino Iron mine in Western Australia. Palmer says he’s owed A$193 million. “In a totalitarian state you don’t have rule of law, and, if you are a state-owned company, you decide what you want to do. So the principle at stake here is the rule of law and the independence of the country,” he told the Financial Times.

© ChinTell Ltd. All rights reserved.

Sponsored by HSBC.

The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.