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Friday, January 22, 2021 The PRC Civil Code and the Supreme Court Interpretation on Application of the Relevant Security Provisions in the Civil Code (the Interpretation) that came into effect on 1 January 2021 have both altered the position of whether a security agreement can remain valid when the underlying primary agreement is invalid.  The outdated PRC Security Law (1995) had allowed the relevant parties to agree to having a security agreement to remain valid, even if the underlying agreement is found to be invalid. The introduction of the PRC Property Law in 2007 substantially...

To embed, copy and paste the code into your website or blog: The PRC Civil Code and the Supreme Court Interpretation on Application of the Relevant Security Provisions in the Civil Code (the Interpretation) that came into effect on 1 January 2021 have both altered the position of whether a security agreement can remain valid when the underlying primary agreement is invalid.  The outdated PRC Security Law (1995) had allowed the relevant parties to agree to having a security agreement to remain valid, even if the underlying agreement is found to be invalid. The introduction of the PRC Property...

The Several Provisions of the Supreme People's Court on Evidence for Civil Actions (hereinafter as the "New Evidence Rules"), effective as of May 1st, 2020, is the first comprehensive amendment to the evidence rules of the 2002 version (hereinafter as the "Old Evidence Rules"). It is said that the amendment is one big thing in the civil litigation field. There are totally 100 provisions in the New Evidence Rules, which includes six parts, i.e. Burden of Proof by the Parties; Investigation, Collection and Preservation of Evidence; Time Limit for Producing Evidence and the Exchange of Evidence...