Word: swire
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...enraged by the fact that it is now nine years ago," said Dr. Jim Swire. "A compromise is required and we accept the compromise of a trial under Scottish law in a neutral country...
...Swire's daughter, Flora, was among the 259 passengers and crew members killed in the United Kingdom's worst terrorist attack. Eleven other people died on the ground when the wreckage rained down on Lockerbie...
...Swire sat impassively in the World Court's wood-paneled chamber Monday, hoping for progress toward justice...
Believed to be the 10th richest man in China, Yung has been well rewarded for his efforts on behalf of Beijing. Last summer Yung brokered a deal between British conglomerate Swire Pacific and the China National Aviation Corp., owned by Beijing's aviation authority. CNAC was set to launch an airline to rival Swire's Cathay Pacific; Yung prodded the British firm instead to sell the mainland intruder a controlling share in Cathay's regional DragonAir. In January, CITIC Pacific paid $2.1 billion for 20% of Hong Kong's British-controlled electricity company. Beijing denied this was the next step...
However valuable its assets, Jardines has been surpassed in size by two other Hong Kong trading firms -- Cheung Kong and Swire -- and has only recently begun to escape from a typhoon of troubles. The company bought or built many of its Hong Kong buildings in the early 1980s, just before real estate values in the colony took a dive. The collapse resulted in part from nervousness about the approach of 1997, when sovereignty over Hong Kong will pass from Britain to China. Wary of that transfer's consequences, Jardines decided in 1984 to shift its legal headquarters to Bermuda...