China Takes Page From Elliott Playbook, Seizes Japanese Ship In Port

China may be taking a page out of the Elliott Management playbook by impounding a Japanese ship over a legal dispute dating back to the 1930s.  Or more ominously, it could signal the first in a series of moves by China to take control over the Senkaku islands much in the same way as Russia has taken control over Crimea in Eastern Europe.

Japan says seizure is “war reparations,” China says individual dispute

At issue is China’s impounding the Baosteel Emotion, a ship designed to carry iron ore owned by Japan’s Mitsui O.S.K. Lines,...