Qingshan Paper has initiated arbitration over a housing demolition compensation contract dispute, with a total claim amount of 15.6108 million yuan. The company received the Arbitration Notice issued by the Shenzhen Court of International Arbitration on August 17, 2026, and its housing demolition compensation contract dispute with Shenzhen Gaofa Industrial Park Development and Investment Company Limited has been accepted. On December 15, 2020, the company signed a Relocation Compensation Agreement with the respondent, delivering a factory building located in Nanshan District, Shenzhen, to the respondent for urban renewal, with the respondent providing compensation through a combination of resettlement housing and monetary compensation. However, starting from January 2024, the respondent began defaulting on transitional resettlement subsidy payments, with accumulated arrears of 14.714 million yuan as of July 10, 2026. The company requests the arbitral tribunal to order the respondent to pay the overdue transitional resettlement subsidy of 14.714 million yuan, overdue payment liquidated damages of 716,800 yuan, and legal fees of 180,000 yuan.
Fujian Qingshan Paper Industry Co LtdCompany initiates arbitration over unpaid compensation, seeking 15.61 million yuan.
Respondent defaults on payments, facing arbitration claim.
