Members of Kibbutz Hanita are suing the Chinese-controlled Ballet Vision fund for refusing to buy their remaining stake in an intraocular lens plant, citing losses and what it says is a Chinese government ban on new investments in Israel since the war
why can they just sue someone for refusing to buy something
From the article:
As part of the agreements, the Chinese fund granted the remaining minority shareholders an option to require it to purchase their remaining shares for about $9.5 million, now valued at roughly $11 million, by early December 2025.
especially when buying it would be illegal
Legality in country A is completely irrelevant for suing someone in country B.
Also, in many countries having a realistic chance of winning the case is not a prerequisite to suing anyone for anything.
why can they just sue someone for refusing to buy something
especially when buying it would be illegal
From the article:
As part of the agreements, the Chinese fund granted the remaining minority shareholders an option to require it to purchase their remaining shares for about $9.5 million, now valued at roughly $11 million, by early December 2025.
Legality in country A is completely irrelevant for suing someone in country B.
Also, in many countries having a realistic chance of winning the case is not a prerequisite to suing anyone for anything.