Xiaomi files court appeal against US govt ban on investors

Nieuws Algemeen Verenigde Staten 1 FEB 2021
Xiaomi files court appeal against US govt ban on investors

Xiaomi announced it has filed a court appeal against the US government ban on investing the company. The company was added earlier this month to a list of companies with alleged ties to the Chinese military, prohibiting US citizens or companies from investing in the group. Xiaomi said the decision was "factually incorrect" and it was not given legal due process to contest the matter. 

As a result it has filed an appeal against the Department of Defence decision in federal court in Washington, DC. It wants the decision declared illegal and overturned by the court. 

Meanwhile, the new US President Joe Biden has started reviewing the China decisions taken under the previous administration. It has decided to suspend a related decision extending the investment ban to Chinese companies with a similar name to the original list. This had targeted affiliates of China's top telecom companies, such as China Telecom and China Mobile. The decision was delayed from taking effect for 60 days, pushing it back to late May. 

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