In 2021, the CIETAC tribunal awarded in favour of Guo, discovering that Xie’s conduct constituted fraud and awarding damages exceeding USD100 million. Guo had invested RMB180 million (USD28.4 million) in Ocean Music, which was founded by Xie, in 2012. In order to assemble evidence, Guo filed a motion for discovery within the US, the first time such an application was made within the US to have the ability to facilitate a Chinese arbitration continuing. Duan & Duan says the issue of the case for Guo lay in cross-jurisdictional proof collection, and establishing the very fact of fraud before the tribunal.
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