But there were hopes that Carlyle Group, the private equity firm that launched the fund last July, would step in.

FORBES: Magazine Article

Things are so bad that last year the Japanese firm took the desperate step of importing a foreigner as chief executive.

FORBES: Magazine Article

So last October the law firm took the unheard-of step of suing the trademark bureau.

ECONOMIST: China's powerful bureaucrats have lost a lawsuit

Sir Richard Greenbury, the firm's autocratic boss, was forced to step down last year, first as chief executive, then as chairman.

ECONOMIST: BUSINESS BRITAIN