01
2025-08
In bankruptcy proceedings, recovering unpaid or withdrawn capital contributions from shareholders is a crucial way to replenish the debtor's assets and ensure fair compensation for creditors. After the 2014 Company Law established the subscribed capital registration system, a large number of companies have had the phenomenon of inflated registered capital and excessively long shareholder contribution periods, leading to practical difficulties for bankruptcy administrators in recovering capital contributions, such as high litigation costs and difficulties in enforcement. How to efficiently and cost-effectively achieve debt repayment has become a challenge for bankruptcy administrators in performing their duties.
2025-08-01
25
2025-07
As a key strategic move in the national strategic layout, the Macao bond market has been accelerating its transformation from a regional financial hub to a "new fulcrum" in the global RMB internationalization process, driven by both central government policies and the Macao SAR government, with offshore RMB bonds as its core driver. On July 16, 2025, the Ministry of Finance issued RMB 60 billion in government bonds in Macao, setting a new record for single-issue size and achieving an oversubscription rate of 6.1 times. The introduction of the 10-year bond for the first time filled the gap in Macao's long-term bonds. This milestone event marks the entry of Macao's offshore RMB bond market into a new stage of high-quality development. Why are more and more units or enterprises choosing to issue offshore RMB bonds in Macao? What are the advantages of this choice and how is it operated? This article will answer these questions.
2025-07-25
25
2025-07
On July 23, 2025, the Supreme People's Court issued the "Interpretation of the Supreme People's Court on the Application of Laws in the Trial of Cases of Objections to Enforcement" (hereinafter referred to as the "Interpretation"), which came into effect on July 24, 2025. The Interpretation consists of 23 articles, the core of which is to standardize the trial procedures and substantive judgment rules for "objections to enforcement" cases, protect the legitimate rights and interests of third parties, and prevent parties from evading enforcement through false litigation. An objection to enforcement is a lawsuit in which a third party (outsider) claims substantive rights to the subject matter of enforcement during the process of enforcement, thereby requesting the exclusion of enforcement. Involving complex conflicts of interests such as the realization of creditors' rights, the determination of the scope of the property of the debtor, and the protection of the property of outsiders, it has always been a difficult point in enforcement practice. The Interpretation, in conjunction with the Civil Code, the Civil Procedure Law, the Enterprise Bankruptcy Law, and other current laws and regulations, provides detailed provisions for difficult issues in judicial practice, which is of great significance for unifying judicial standards, coordinating the connection between trial and enforcement, and curbing false litigation. This article will interpret and analyze the 23 provisions of the Interpretation one by one, and analyze the practical points of key clauses.
2025-07-25
25
2025-07
With the rise of original short videos on platforms like Douyin, Toutiao, and Tomato, and the increasing use of links in these videos to drive traffic to live streams, more and more MCN companies are investing heavily in pre-streaming videos. This requires not only good copywriting, creativity, actors, filming, and editing, but also significant investment in traffic acquisition. However, there have been numerous cases of these promotional short videos being stolen, with others replacing the links in the videos with links to other similar live streams, diverting consumers to their own live streams and guiding them to make purchases, thus gaining substantial illicit profits. Regarding whether such acts constitute infringement, how to protect rights, and how to prevent such acts in the future, the author offers the following suggestions for reference.
2025-07-25
24
2025-07
In recent years, disputes over community public benefits have gradually become a hot issue in the field of property management. This article sorts out and discusses the legal and practical issues involved in the ownership and return of community public benefits, providing a reference for property service enterprises in handling disputes over public benefits.
2025-07-24
11
2025-07
Following the publication of the second article in this series, several readers and colleagues expressed keen interest in the connection between Macao and Mainland China's laws and practices regarding marriage and inheritance. Therefore, this article will focus on the applicable legal rules in Macao and Mainland China concerning marriage and inheritance. Through legal interpretation and real-world cases, it will systematically examine the forms of legal conflict between the two regions and the practical approaches to bridging them, using typical scenarios such as cross-border marriage formation, recognition of divorce validity, and the applicable law for inheritance. As an important component of Macao's legal system, the marriage and inheritance system continues the traditional characteristics of the civil law system, but also forms a unique interactive relationship with Mainland China's laws under the framework of "One Country, Two Systems." Clarifying the differences and coordination mechanisms between the two is of significant practical importance for the smooth development of cross-border civil and commercial activities.
2025-07-11
11
2025-07
Perspective | How to Identify and Eliminate the Obstacles of False Leasing in the Execution Phase
In enforcement proceedings, the phenomenon of debtors and third parties colluding to fabricate lease contracts to obstruct enforcement is becoming increasingly frequent, seriously affecting the success rate and efficiency of judicial auctions. This so-called "false lease" usually uses the "lease is not broken by sale" rule in the Civil Code to resist enforcement, attempting to make the lease relationship take precedence over the realization of rights such as seizure and mortgage, thereby delaying and obstructing the applicant from realizing their claims. A legal system that should protect the rights and interests of bona fide lessees is being abused by illegal elements as a tool to evade debts and obstruct enforcement, resulting in the difficulty for applicants to realize their winning rights in a timely manner. This false lease behavior is highly concealed and deceptive. On the surface, it often has a complete written lease contract, seemingly making "lease rights superior to seizure", causing difficulties for the executing court. However, in essence, such lease relationships are mostly maliciously fabricated by the parties involved, lacking a real transaction basis, and are essentially invalid legal acts. Judicial practice should accurately identify and severely regulate such false leases that obstruct enforcement, in order to maintain the normal order of judicial auctions and protect the legitimate rights and interests of creditors.
2025-07-11
10
2025-07
As a crucial form of new productivity, the low-altitude economy leverages low-altitude airspace resources, with flight activities as its core engine. It deeply integrates advanced technologies such as low-altitude intelligent networks and unmanned aerial vehicles (UAVs), driving the development of the entire industrial chain, including manufacturing, operation, and infrastructure support. The 2025 Government Work Report clearly proposed the need to vigorously promote the safe and healthy development of emerging industries, including the low-altitude economy, and to provide key support in the demonstration application of new technologies, products, and scenarios. This strategic direction has received a positive response at the local level, with 30 provinces (autonomous regions and municipalities) across the country incorporating the development of the low-altitude economy into their government work plans for the year. As a key component of the low-altitude economy, the unmanned aerial vehicle (UAV) industry is accelerating its evolution in the process of intelligent and networked transformation. However, while the booming development of the low-altitude economy unleashes enormous potential, it also poses a severe challenge to the existing legal regulatory system for UAVs. Of particular concern is that, against the backdrop of digital and intelligent network empowerment, flight and related activities in the low-altitude field harbor considerable criminal risks, with crimes endangering public safety such as "illegal flights" occurring frequently. In view of this, this article will focus on the determination of criminal liability for operating a UAV while intoxicated, and will delve into the legal basis, practical difficulties, and corresponding improvement paths of its criminal law regulation.
2025-07-10
10
2025-07
Retrial Instance | "Golden Chain of Evidence" for Confirmation of Shareholder Qualification
Li filed a lawsuit with the first-instance court requesting: 1. A judgment confirming that the plaintiff Li is a shareholder of the defendant company, with an actual investment of 400,000 yuan, accounting for 10% of the defendant's equity; 2. The defendant bears the litigation costs.
2025-07-10
08
2025-07
Low-altitude Economy | A Study of Unmanned Aerial Vehicle Privacy Legal Issues
With the rapid development of drone technology, the application scenarios of civilian drones are constantly expanding, such as aerial photography, agricultural and forestry protection, logistics delivery, and urban management. At the same time, the high-precision aerial photography and convenient transmission capabilities of drones in public spaces have also raised public concerns about privacy infringement. Article 1032 of the Civil Code stipulates: "Natural persons enjoy the right to privacy. No organization or individual may infringe upon the privacy rights of others by means of probing, disturbing, leaking, or disclosing. Privacy refers to the private life peace and private space, private activities, and private information that a natural person does not wish to be known to others"; Article 1033 further lists the main types of acts that infringe upon the right to privacy. In addition, Article 2 of China's Personal Information Protection Law clarifies: "The personal information of natural persons is protected by law, and no organization or individual may infringe upon the personal information rights of natural persons", while Article 44 of the Cybersecurity Law prohibits "any individual or organization from stealing or otherwise illegally obtaining personal information, or illegally selling or illegally providing personal information to others". In the age of high technology, the information collected by drones often has the characteristics of both privacy information and personal information, and the two overlap in practical application: when a drone takes pictures or videos during flight, it may involve the portrait, residence, and other private spaces of natural persons, and may also lead to the collection of personal information. Although the Civil Code lays the foundation for the protection of privacy and personal information, there are no clear provisions for the protection of drones in their special technological form. On the other hand, the scale of China's civilian drone industry continues to expand, and the booming low-altitude economy has provided more application scenarios for drones, but it has also made the potential impact of drones on personal privacy more widespread and more hidden. The above problems and industry development trends show that drone privacy conflicts have become a pressing legal issue that needs to be addressed.
2025-07-08
Zhongcheng Qingtai Jinan Region
Address: Floor 55-57, Jinan China Resources Center, 11111 Jingshi Road, Lixia District, Jinan City, Shandong Province
