Tue, 31 Oct 2023 China Legal Trends CJO Staff Contributors Team
The Shanghai Financial Court's 2018-2023 Work Report, released in August 2023, highlights its handling of a significant number of financial cases, including securities disputes and financial contract disputes, with a total value of more than CNY1.1 trillion (USD152.19 billion), and provides insights into the court's role in the context of Shanghai's status as an international financial center.
Mon, 21 Aug 2023 China Legal Trends CJO Staff Contributors Team
In May 2023, the Shanghai Financial Court (SFC) concluded China’s first civil compensation case for fraudulent asset-backed securities (ABS) issuance (See Postal Saving Bank of China Co., Ltd v. Kunshan Meijite Dengdu Management Co., Ltd et al. (2020) Hu 74 Min Chu No. 1801).
Sat, 15 Apr 2023 Insights Guodong Du 杜國棟
As China tightens its financial regulation, Chinese courts have taken the initiative to participate in financial regulation by hearing finance-related cases over the last five years.
Tue, 11 Jan 2022 China Legal Trends CJO Staff Contributors Team
In December 2021, Shanghai Financial Court recognized and enforced a SIAC award for the first time, involving the impact of Chinese sanctions on international commercial arbitration.
Sat, 29 May 2021 China Legal Trends CJO Staff Contributors Team
In April 2021, China's Supreme Court revised the 2018 Provisions on Jurisdiction of Shanghai Financial Court, based on which the SFC's jurisdiction now extends to, among others, independent guarantee disputes and bank clearing contract disputes.
Mon, 01 Feb 2021 China Legal Trends CJO Staff Contributors Team
On 4 Jan. 2021, Shanghai Financial Court, for the first time, applied the Civil Code in a case concerning financial loan contract disputes.
Wed, 10 Oct 2018 Insights Guodong Du 杜國棟 , Meng Yu 余萌
The Shanghai Financial Court, the first court in China dedicated to hearing finance-related civil and administrative cases, was established on 20 August 2018.