The SPC enhances protection in fraud litigation

Feb 6, 2017
China's Supreme People's Court clarifies the jurisdiction of PRC courts, tightens standards for suspension orders and defines the scope of independent guarantee fraud

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A record number of Chinese enterprises have been investing overseas after the PRC government’s unveiling of the One Belt, One Road strategy. This, in turn, boosted the growth of the independent guarantee business of domestic banks, with official figures pinning the total value of independent bank guarantees issued by Chinese banks in 2015 alone at $292.92 billion.

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