People always find a way wrote Chuin-Wei Yap:

• Due to concerns about China’s economy the rich are increasingly looking for ways to move their cash to safe havens abroad.
• To prevent sudden capital flight the government has limited transfers of cash out of the country to $50,000 a year.
• One company tried to hire a law firm to exploit a loophole by sueing itself for breach of contract. The plan was that the company would lose the lawsuit, and thus pay $3.5 million to its foreign subsidiary abroad.
• It was hoped that going through the entire legal process would keep the government blind to what was really going on.

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Source: The Wall Street Journal

Via: Marginal Revolution