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Wednesday, July 20, 2011

Director's family get share in film company

Director's family get share in film company

THE widow and son of renowned movie director Xie Jin should receive shares in the company the filmmaker co-founded, a local court ruled yesterday.

Xu Dawen, Xie's widow,,Celebrity lace wigs, and son, Xie Jiaqing,phoenix suns jerseys brought a lawsuit against Shanghai-based Xie Jin Film Technology Co this year.

They asked for recognition of their rights as shareholders in the film technology firm, as it had refused to include them in its business license after Xie died in 2008.

Xu and Xie Jiaqing, who has learning difficulties, asked for a 25 percent stake in the company, the Xuhui District People's Court heard.

The other surviving child, a daughter, had withdrawn her claim for a share in the company.

However,portland trailblazers jerseys Xie Jin Film Technology Co argued that as Xie Jiaqing was mentally challenged he was unsuitable to be a shareholder.

The company claimed if the widow and son became shareholders,timberland boots sale "it would have a negative effect upon the company's operations."

The court said both sides agreed the company was the fruits of the director's lifelong hard work and artistic philosophy and should continue to operate.,wholesale Gucci Shoes,

Under the court's mediation, Xie Jin Film Technology Co agreed the two plaintiffs should inherit 25 percent of its shares.

Xu would receive 18.5 percent and Xie Jiaqing 6.5 percent, considering his special medical situation.

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