Law

Guangdong Higher People's Court releases the top ten commercial and financial cases for 2024

2025-07-03   

On the 30th, the Guangdong Provincial High People's Court released the top ten commercial and financial cases of Guangdong courts for 2024. This batch of cases covers aspects such as capital markets, low altitude economy, corporate governance, housing insurance, and fund financing, reflecting the judicial practice and responsibility of Guangdong courts to fully exert their commercial and financial trial functions, equally protect the legitimate rights and interests of commercial entities and transaction order, prevent and control financial risks, maintain social stability, and safeguard high-quality economic development. A total of 10 cases were released this time. Among them, in the contract dispute case between Zhongmou Ze Company and a certain electromechanical company, as well as Ding, the court clearly stated that the voting rights delegation in the agreement acquisition of listed companies does not apply to the provision of arbitrary termination rights, which maintains the legitimate rights and interests of investors and the inherent stability of the capital market, and helps to regulate the order of financial transactions. In the case of a property insurance contract dispute between an insurance company and a real estate company, it is of great significance to correctly grasp the altruistic nature and institutional value of insurance for potential defects in residential engineering quality, balance the interests of developers, buyers, insurance companies, and other parties, and ensure the quality and safety of buildings and solve the problem of owners' rights protection. In recent years, Guangdong courts have focused on building a rule of law business environment, serving and ensuring high-quality economic development, continuously deepening the reform of commercial and financial trial mechanisms, issuing relevant opinions and guidelines, playing the role of financial "living water", and empowering the development of the real economy. Promote the establishment of a model judgment mechanism in all courts in the province, guide diversified resolution of group financial disputes, and protect the legitimate rights and interests of small and medium-sized investors. Strengthen collaboration with provincial financial regulatory departments and financial consumer protection agencies, and enhance the mediation of financial lending disputes. Data shows that from 2024 to May this year, the courts in the province have concluded 1.6484 million first instance commercial and financial cases. In the past two years, 325 judicial suggestions have been sent to financial management departments, financial institutions, and industry organizations, with an adoption rate of nearly 90%, promoting the healthy and stable development of the financial market in accordance with the law. (New Society)

Edit:XieYing Responsible editor:ZhangYang

Source:chinanews.com.cn

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