Recently, our firm received a telephone call. A client had lost substantial sums of money on a loan portfolio platform and wanted to recoup their losses as much as possible. In 2012, P2P net a loan platform, sprang up and flourished to become the new financial player. However, due to the absence of detailed laws …
2016-03-24 Legal systems vary from country to country. As expats, what are the basic legal rules in China?How to better protect yourself and your property?What to do when get into trouble? Our upcoming legal seminar for expats will be on March 26th, provided by Grabtalk and LEHMAN, LEE & XU. Time: March 26th, 2 pm Address: Lehman …
I was having a conversation recently with a Chinese friend, who wanted to pick my brain about his legal options after the online P2P lender he had invested money in had gone under. P2P lending is a popular internet based investment model in China, where individuals seek personal loans from groups of other individuals, all …
China’s Unregulated P2P Internet Lending Risky for Investors Read More »
ZOOTOPIA hits the Chinese theatres on March 4, 2016 and has reeled in 0.15 billion RMB for less than two weeks. “ZOOTOPIA” is formed of “ZOO” and “UTOPIA”, which clearly demonstrates the idea of the scriptwriter that in the ZOOTOPIA, mammals of all shapes, sizes and dietary preferences are living in harmony, and this city, …
On December 27th 2015, the 12th National People’s Congress passed China’s first Domestic Violence Act and on March 1st 2016, the law came into effect. On first day of the new law, many courts received applications from victims of domestic violence, including one by the wife of the well known Rong Lanxiang. Previous data shows …
Recently, in Hezhou City, Guangxi province, two men were sentenced to one year in jail with a fine of RMB 6,000 each. The men were convicted for stealing four dogs, killing them with poison, and selling the dog meat to the public as food. (You can find the report here in Chinese) Many foreigners, and …
