update on General Nice: assets ordered seized

In another blow to the licence holder for the (inactive) Isua project in Greenland, a court in Zhejiang province has ordered the seizure of shares in several General Nice (俊安集团) companies. This includes the entire share capital of Tianjin General Nice Coke and Chemicals Co., Ltd (天津俊安煤焦化工有限公司) , whose legal representative is the chairman of General Nice Group, Cai Suixin 蔡穗新.

This adds to the legal troubles that haunt various General Nice companies, as well as the family in charge of it (including chairman Cai, his sister Cai Suirong 蔡穗榕 and their father Cai Mingzhi 蔡明志). I have given a sample of these cases in earlier posts.

The latest court order doesn’t directly target the owner of the Greenland project, but a Hong Kong case does. All cases against General Nice I’m aware of, in at least three jurisdictions, are related to unpaid debts. As detailed in my previous post on the topic, companies in the group, as well as Cai senior personally, have made it to the Supreme People’s Court “List of Dishonest Persons Subject to Enforcement” (失信被执行人名单) after dodging court-mandated payments. Besides public humiliation, List members can be subjected to other forms of government punishment, such as not being allowed to buy plane tickets.

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