by smiley » Thu 09 Mar 2006, 19:55:08
$this->bbcode_second_pass_quote('', 'T')hey act like they were entitled to the deal. Someone should inform them that doing business with another country is a privilege, not a right.
They are entitled to the deal. This is not like the Chinese firms trying to buy American oilfields.
This is how I understand the situation is. DPW bought P&O and P&O owned the harbor rights. So technically they are not even doing business with the US but with Britain. Legally the US has no authority to block the DPW - P&O deal or any part of it. Secondly they have already payed for the harbor management rights. It was part of the P&O deal.
Then there are not a lot of options here. If they just deny the rights to DPW without any kind of compensation, investors will flee the US. It will be a worse drama than Yukos.
If the congress decides to deny DPW the right to manage these ports, they will have to buy DPW out. Then it will cost them a lot of money and they will still lose a lot of credit around the world.
So take your pick.
Selling those rights to a British company was a stupid idea in the first place.