Venezuela's government has seized assets from dozens of
foreign corporations in nationalizations by the late President Hugo Chavez and
the embattled current government of Nicolas Maduro. The man behind the
confiscation of General Motors Co’s $100 million assembly plant in April is a
much more obscure figure: Kaled Kansao, the owner of two long-defunct GM
dealerships. Kansao convinced a court to seize the plant as the remedy for a
relatively small-time business dispute - over GM's termination of his
franchises - that mushroomed into a 17-year court battle. More…
No comments:
Post a Comment