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Man who fled to New Zealand after being accused of embezzlement in China settles his case for $31 million in an unusual instance of cross-border cooperation

illiam Yan, a former pharmaceutical executive, will be allowed to recover seized property and resume his business activities in return for the payment, which will be split between China and New Zealand. Critics have raised concerns about the New Zealand's willingness to accede to Chinese demands.
1 year ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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