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MOFA 'respects' bank's handling of Grenada row

CNA
June 30, 2012, 12:15 am TWN

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TAIPEI--The Ministry of Foreign Affairs said yesterday that it respects a Taiwanese bank's handling of a debt dispute with Grenada, following a report that the bank has decided to appeal a U.S. court ruling that overturned an earlier order allowing it to take money back from the Caribbean country.

The case is centered around a commercial loan dispute between the Export Import Bank of the Republic of China and the Grenada government, ministry spokesman Steve Hsia said, adding that the ministry was not involved.

“We respect the bank's handling (of the dispute),” he said.

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