Supreme People's Court, Provisions on Several Issues in the Handling of Property Preservation Cases by People's Courts

最高人民法院关于人民法院办理财产保全案件若干问题的规定

February 25, 2017 | BY

Susan Mok

Cost of property preservation significantly lowered.

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Promulgated: November 7 2016

Effective: December 1 2016

Main contents: Where a people's court orders a preservation applicant to provide property preservation security in accordance with Article 100 of the Civil Procedure Law, the amount of such security shall not exceed 30% of the requested preservation amount. If the property for which the application for preservation is made is the subject matter of the dispute, the amount of the security shall not exceed 30% of the value of the subject matter of the dispute.

If a materially interested party applies for pre-trial property preservation, it shall provide security equivalent to the preservation amount it