High Court confirms CHB agreementNOT OVER YET: The Ministry of Finance said it would again appeal the High Court’s ruling, drawing out a rights dispute that has gone through three courts since 2014By Chen Cheng-hui / Staff reporterTaishin Financial Holding Co (台新金控) on Friday said it welcomed a Taiwan High Court ruling confirming that the company and the Ministry of Finance have a contractual relationship regarding management rights of state-run Chang Hwa Commercial Bank (CHB, 彰化銀行). The entrance of Taishin Financial Holding Co’s headquarters in Taipei is shown in an undated photograph. It has been tried by different courts [the Taipei District Court, High Court and Supreme Court], and they have unanimously agreed that there is a continuing contractual relationship between Taishin Financial and the Ministry of Finance,” the company said. The ministry appealed to the High Court. The High Court in May 2017 ruled in favor of Taishin Financial, saying the ministry should support the company in its bid to win major control of CHB board seats and subsequent management rights.

Source: Taipei Times August 23, 2020 15:56 UTC