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Case Involving Largest Disputed Sum in China in 2007 Closed

2010-10-26/ RECENT DEALS/

The PRC Supreme People’s Court completed the second instance proceedings for the case of a dispute over arrears by Renwant Tourist Holdings Co., Ltd. and Hengbang Agricultural Co., Ltd., which are both represented by JT&N Senior Partner Yuan Wei and JT&N Partner Wang Xinjun, and a Chongqing company. The first instance judgment of the Chongqing High Court placed our clients under a debt of RMB 260 million yuan. After JT&N filed an appeal on behalf of the clients, the Supreme People’s Court succeeded in mediating the case, reducing that sum to RMB 100 million yuan over two years of hearings. The bill of mediation has recently been executed, a satisfactory outcome for the firm’s clients. 

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