Legislation roundup: P2P loan cases, railway investment and highway operations

This week the SPC has increased the liability of P2P online lending platforms in loan cases, private capital has been encouraged in railway construction projects and a maximum 30 years has been set for highway operation

2 minute readAugust 07, 2015 at 08:26 AM
By
clpstaff
& clp articles

Financing



Supreme People's Court, Provisions on Several Issues Concerning Application of the Law in the Trial of Private Loan Cases

最高人民法院关于审理民间借贷案件适用法律若干问题的规定



If a P2P online lending platform provider expressly states on a webpage, in advertising or in other media, or there is other evidence to show, that it provides security for loans, the people's court may, at the request of the lender, render a judgment ordering the P2P online lending platform provider to bear security liability.



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