Clearing up the Law: China's New Judicial Interpretation on the Sale of Commercial Premises

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clpstaff &clp articles

China's fast-growing real estate sector is regulated by a confusing patchwork of laws, and disputes have been on the rise. The Supreme People's Court has issued a new Interpretation that brings some welcome clarity to real estate sales and purchase contracts.

By Jiang Jiang and Zhu Yan Li Wen and Partners, Beijing

On April 28 2003, China's Supreme People's Court released the Several Issues Concerning the Application of Law to Trial of Disputes over Commodity Premises Sales and Purchase Contracts Interpretation(关于审理商品房买卖合同纠纷案件适用法律若干问题的解释) (the Interpretation), which is effective June 1 2003.

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