What happened: A Canadian judge has voiced dissatisfaction over a bail proposal by Huawei CFO Meng Wanzhou’s lawyers. The proposal stipulates that Meng’s husband Liu Xiaozong could act as “surety,” making sure Meng fulfills her bail terms by standing to lose up to $11 million in cash and property should she violates the conditions. Defense lawyers also demonstrated how Meng could be tracked by GPS and put under 24-hour surveillance as a measure to prevent her from fleeing.
Why it’s important: Justice William Ehrcke of the British Columbia Supreme Court said that Liu, who is in Canada on a multiple-entry visitor visa that expires in February, might not even be in the country for extradition proceedings. Interestingly, the Huawei executive is willing to pay for her own surveillance should she be released on bail. The high-profile case has stoked US-China trade tensions and rocked stock markets on both sides of the Pacific.