First Domestic Large-Scale Claim Case for Reliance Interest: Innovative Argumentation Strategy Helps Client Avoid 300 Million Yuan in Compensation
Infringement of Creditor's Rights by a Third PartyScope of Application and Definition of Reliance Interest
This case is the first domestic large-scale claim case for reliance interest, involving the legal characterization of this niche business and the identification of third-party reliance interests. There are no clear provisions in laws and...
First Case in China Where Independent Contracts Still Apply Guarantee Rules: Ruling That a Listed Company Shall Bear Liability for Compensation
Listed CompanyDeficit CoverageIndependent Contract
With a subject amount of 4.92 billion yuan, this case set a record for the highest subject amount since the establishment of the Guangzhou Intermediate People’s Court. It involves cutting-edge issues such as the consolidated trial ...
First Case in China Substantively Citing the Consultation Draft of the Financial Trial Meeting Minutes: Confirming That Deficit Coverage Commitments Issued by Entities Designated by Managers Are Also Invalid
Validity of Deficit Coverage by Entities Designated by Fund ManagersDetermination of Investors' Losses
This case involves disputes such as the validity of deficit coverage commitments issued by other third parties designated by private equity fund managers, and whether investors’ losses are premised on fund liquidation. Adhering to ...
