Chi Corporation

**Chi Corporation N.V.**
 Formerly
 Headquarters
 Subdivision
 Founded
 Predecessor

**Chi Corporation N.V.**, doing business as **Chi Corporation** and formerly known as **Chi Legal Holdings Inc.**, is a Morranian based multinational services based conglomerate specialising in banking, legal services, and financial services. As a parent company, the Chi Corporation exists primarily to hold ownership over a network of hundreds of subsidiary organisations. The company is one of the five major companies that made up the Morranian business syndicate.

Through its extensive network of banking, legal, and financial subsidiaries, the Chi Corporation is one of the most valuable companies in Morra and is the largest banking firm in Europe. Founded in 2012 following the Chi Legal Group's purchase of the Vassen Investment Bank in 2011, the Chi Corporation was established to link the two firms under an umbrella organisation. During the 2010s, the company rapidly expanded into the banking and financial sectors with a series of takeovers. Between 2012 and 2023, the company was a private limited company under *besloten vennootschap* with the majority of the company's shares owned by Peter Illich and Albert Heinsberg. In August 2023, the company was forcefully taken over by the Morranian government and placed on the stock exchange under *naamloze vennootschap*. Since the forced sale of the company, the Chi Corporation had a series of owners, before reasserting its independence in 2035 with financial assistance from the government of Morra.

## Name

In January 2012, **Chi Legal Holdings Incorporated GmbH** (Dunsteenian: **Chi Rechtsbesitzungen Aktiengesellschaft GmbH**) was founded as an umbrella company to control the Chi Legal Group and the Vassen Investment Bank. The following year, in March 2013, the company changed its name to **Chi Corporation GmbH** (Dunsteenian: **Chi Körperschaft GmbH**) as part of a rebrand to a unified corporate identity. The legally registered version of the company's name was changed to **Chi Corporation B.V.** after the company moved its legal registration from Dunsteen to Morra in November 2022. In August 2023, the company's name was changed to **Chi Corporation N.V.** after the Morranian government *de-facto* nationalised the company before selling it on the Morranian stock exchange.

## Ownership

### Private Limited Company (2012 - 2023)

From the Chi Corporation's inception in 2012, the company was a private limited corporation with founders Peter Illich and Albert Heinsberg holding a combined 60% of shares, whilst 40% of shares were sold to investors to raise finances. In October 2022, the company re-registered itself in the newly founded Morranian transitional republic and made itself liable to Morranian law after CEO Peter Illich formed an agreement with the Morranian president Werner Reinheart. However, after Reinheart's defeat in the 2023 presidential election, Jean Luc Melenchon assumed the presidency and sought to end the influence of the powerful EuroCorp in Morra; as part of this, Illich was arrested under a counterterrorism law and the Morranian government seized a controlling share of the corporation in August 2023, *de-facto* making it a state company. In September 2023, the government's shares in the Chi Corporation were sold on the Morranian stock exchange.

### Storviksomhed Company (2023 - 2028)

Consequently, the Chi Corporation was purchased by the Avalonian based Storvirksomhed Company in 2023 for $23,436,422 in one of the largest sales in the history of the Morranian stock exchange. Despite being owned by an Avalonian company, the Chi Corporation remained largely autonomous under Storvirksomhed ownership and kept its headquarters in Brussels; similarly, interim CEO Gerda Hasselfeldt was allowed to remain as permanent chief executive officer after having been appointed by President Jean Luc Melenchon. Following the 2027 Global Banking Crisis, the banking and financial sides of the Chi Corporation struggled financially and were subject to bailouts by the Avalonian and Morranian governments, as well as by the Sino-Scandinavian Development Fund. After the Storvirksomhed Company defaulted on loans in March 2028, the Sino-Scandinavian Development Fund assumed control over the company and it's subsidiaries, and in June 2028, the Chi Corporation was removed from under the Storvirksomhed corporate umbrella to become a direct subsidiary of the SSDF.

### Sino-Scandinavian Development Fund (2028 - 2030)

After the Sino-Scandinavian Development Fund seized control of the Storvirksomhed Company following failure to repay debt, the SSDF also gained control over Storvirksomhed's subsidies, such as the Chi Corporation. Subsequently, the SSDF under chairwoman Avar Kriss removed the Chi Corporation from being a subsidy of Storviksomhed and instead took direct ownership in June 2028. In September 2028, CEO Gerda Hasselfeldt was dismissed and former CEO Albert Heinsberg was reappointed to the role as part of a broader attempt to boost the company's financial fortunes. In August 2030, the SSDF announced that it had found undisclosed new owners for the Chi Corporation, and on December 31, 2030, ownership of the company transferred to a consortium of unknown Libirachi financiers.

### Libirachi Ownership (2031 - 2035)

On January 1, 2031, ownership of the Chi Corporation transferred to a consortium of unknown Libirachi financiers. Under the ownership of the Libirachi consortium, CEO Albert Heinseberg was retained whilst former Libirachi foreign secretary Xiao Chen was appointed as chairwoman of the board. Following the 2033 Libirachi Coup d'état, Xiao returned to her former role as foreign secretary and stepped down as chairwoman, leaving CEO Heinsberg to assume the role as both CEO and chairman of the Chi Corporation. In October 2035, Heinsberg conducted a corporate coup by issuing hundreds of new shares in the Chi Corporation, which were then bought by the Morranian government at the direction of speaker of the National Assembly and former Chi Corporation CEO Peter Illich. In turn, the Chi Corporation purchased its controlling stake from the government for a ceremonial value of $10, leaving the corporation's CEO in direct control of the company.

### Self Ownership (since 2035)

Following CEO Albert Heinsberg's October 2035 corporate coup, the Chi Corporation has been a wholly independent self-owned company. Under Heinsberg's leadership, the company was a major financial backer of both the Union of the Corporations and the People's Party for Freedom and Democracy until 2036 and 2039 respectively, before shifting political affiliation to support the Democratic Party of the People in 2039. After the National Reform Act of 2040 nationalised EuroCorp for it's role in backing the dictatorial governments of Werner Reinheart and Sunil Bakshi, the Chi Corporation sought to align itself firmly with President Kairos Hemlock and has been a major source of finance for the Morranian government's civil investment scheme. CEO Heinsberg himself was known to be a member of the Morranian business syndicate, a covert alliance of major companies seeking to influence government policy, and Chi Corporation banks were used to launder money on behalf of the terrorist group Venenum, which had strong links to former CEO Peter Illich.

## See Also

* EuroCorp
* Xero Energy
* Security Coalition
* Azerbantium Corporation