13
2025-11
Perspective | Can a "spouse-owned company" be considered a single-member limited company?
Article 23, Paragraph 3 of the "Company Law of the People's Republic of China" stipulates: "For a company with only one shareholder, if the shareholder cannot prove that the company's assets are separate from the shareholder's own personal assets, the shareholder shall bear joint and several liability for the company's debts." In practice, to avoid shareholders of single-shareholder companies being held jointly liable for the company's debts, it has become increasingly common for couples—acting as shareholders—to establish companies where they hold 100% of the shares. Given that the shareholders in such cases are married to each other, can these companies be regarded as single-shareholder limited liability companies?
2025-11-13
13
2025-11
Given the frequent occurrence of administrative cases related to land expropriation compensation, it remains an urgent task to summarize the characteristics of these cases and identify effective strategies for legal risk prevention from the perspective of administrative litigation. Therefore, it is essential to provide targeted advice and recommendations to administrative agencies on risk management through the lens of administrative adjudication, thereby fostering further reforms in the land expropriation compensation system. This article searched the China Judgments Online database using the keyword "land expropriation compensation" and identified 23 administrative litigation cases reviewed by the Supreme People's Court. From these, 13 judgments were selected for their research value. Additionally, eight cases were chosen as the primary subjects of analysis from the ten landmark cases on land requisition and demolition published by the Supreme People's Court’s Institute of Judicial Cases, enabling a comprehensive归纳 and总结 (inductive summarization) of key insights.
2025-11-13
10
2025-11
To strengthen professional exchanges within the legal industry and enhance lawyers' critical thinking skills and expertise, the Shandong Provincial Lawyers Association's directly affiliated Lawyers Debate Competition was successfully held in Jinan on November 7. Attending the event were Zhongcheng Qingtai lawyers Huang Dongqing and Han Ye, along with intern lawyer Wang Xin. They collectively won the second-place team award, while lawyer Huang Dongqing was honored with the title of "Best Debater."
2025-11-10
10
2025-11
On November 6, LegalOne officially unveiled the "Top 30 China Region LegalOne Stellar Novo Young Lawyers for 2025" list. Zhang Kai, a partner at Zhongcheng Qingtai Law Firm's Jinan office, was proudly recognized on the list for his outstanding practical skills and significant professional influence.
2025-11-10
10
2025-11
As a typical example of current mass-involved economic crimes, the crime of illegally absorbing public deposits directly determines the severity of sentencing—and even delineates the boundary between criminal liability and non-criminal behavior—making it a "battleground" in criminal defense. However, in judicial practice, controversies and disagreements persist regarding the determination of the amount involved in such illegal absorption cases, particularly concerning issues like the criteria for assessment, the accumulation of amounts, and applicable deductions. Given that public security authorities typically commission auditing firms to evaluate the exact amounts of illegal absorption, losses, commissions, and other financial details after reviewing case materials such as backend data, fund transaction records, statements from investors, investment contracts, and transfer receipts submitted by complainants. Yet, the audits conducted by these firms often involve little more than extracting, listing, organizing, and performing basic calculations on the available data. To clarify the ongoing disputes over how the amount involved in illegal absorption crimes should be calculated—and thereby ensure an objective and accurate determination of the criminal sum—the author, drawing from personal experience defending clients in such cases, has systematically summarized and outlined the relevant calculation rules as follows.
2025-11-10
27
2025-10
Singapore, as a tropical island nation in Southeast Asia, is globally renowned for being "efficient, clean, and secure," thanks to a sophisticated legal system that draws from Britain's common law while seamlessly integrating local practices. According to the World Bank’s *Global Governance Indicators*, Singapore has ranked first in Asia for "Rule of Law" for 15 consecutive years and second worldwide in 2024. This system not only preserves the core attributes of common law but also leverages localized innovations to forge distinctive advantages, serving as the cornerstone that underpins Singapore’s status as an international financial hub and ensures societal stability. This article will explore the institutional foundations of Singapore’s rule of law—from its legal origins and power structure to its judicial system and legal profession—offering a comprehensive analysis of this unique framework.
2025-10-27
24
2025-10
Currently, property developers have been increasingly hitting "default" crises one after another, triggering a ripple effect: bonds fail to roll over or be repaid upon maturity, projects come to a standstill, and unfinished housing developments leave buyers stranded—leading to a host of social conflicts and disputes. Today, commercial bills have become a widely accepted settlement method among construction firms. Compared to traditional payment methods, bill-based settlement offers unique advantages and is governed by specific legal provisions. It is now more urgent than ever for construction companies to thoroughly understand the relevant regulations governing commercial bills and proactively manage associated risks!
2025-10-24
21
2025-10
Perspective | Special Focus on Early Termination of PPP Projects — Default Scenarios
PPP projects involve numerous stakeholders, span a wide range of sectors, and require expertise across diverse fields, often encountering intricate environmental challenges and deeply intertwined relationships during implementation. In practice, the reasons and circumstances leading to the early termination of PPP projects are equally complex and varied, primarily falling into three main categories: government-side breaches of contract, private-sector breaches by social capital entities, and force majeure events. Each of these categories encompasses multiple specific scenarios, all of which are closely tied to the unique realities of individual PPP projects. By systematically analyzing the breach scenarios that trigger early project terminations, this article provides a clear and comprehensive overview of the current challenges and risk factors confronting existing PPP projects. This analysis serves as a valuable reference for stakeholders involved in ongoing PPP initiatives, enabling them to proactively assess and anticipate the overall project dynamics and potential risks. At the same time, it offers practical insights for refining risk allocation and targeted prevention strategies under the new framework governing PPP projects.
2025-10-21
13
2025-10
Since 2025, Hong Kong's capital market has once again become the central hub for cross-border financing by mainland Chinese enterprises. According to data disclosed by the Hong Kong Exchanges and Clearing, new stock financing in the Hong Kong market reached US$14.1 billion in the first half of the year, representing a remarkable year-on-year increase of 695%—surpassing both New York and the Shanghai Stock Exchange to claim the top spot globally in terms of IPO fundraising. As of the end of September, the number of companies waiting in line for an IPO on the Hong Kong stock market surged to 298, among which 78 are A-share listed companies, including industry leaders such as Luxshare Precision and Muyuan Shares—12 of these companies boast market capitalizations exceeding 100 billion yuan. This trend underscores a clear shift toward a dual-platform strategy of listing simultaneously on both the A-share and H-share markets. Behind this surge lies Hong Kong’s thriving capital market, benefiting from the institutional reforms introduced in 2018—such as allowing unprofitable biotech firms and companies with different voting rights structures to list—and the continued advantages brought about by the launch of the "Specialized Technology" board in 2023. These reforms have not only strengthened Hong Kong’s appeal but also align closely with mainland Chinese enterprises’ strategic goals under the "Dual Circulation" initiative: namely, their growing need to pursue global capital deployment and enhance their international brand presence. From a practical standpoint, systematically outlining the core advantages of mainland companies listing in Hong Kong, along with a comprehensive overview of the entire listing process and the latest operational guidelines for 2025, can provide prospective issuers with a clear roadmap. Moreover, it equips them with the tools to effectively navigate compliance risks and streamline their listing processes, making this guidance highly relevant and valuable in today’s dynamic market environment.
2025-10-13
13
2025-10
Perspective | Special Report on Early Termination of PPP Projects — Policy and Regulatory Insights
Since the tightening of PPP project policies at the end of 2017, nearly 14 trillion yuan worth of existing projects have been grappling with issues such as insufficient financing for project companies, delayed government payments, and lower-than-expected operational revenues. As a result, project construction has remained stalled for extended periods, while operational quality has significantly deteriorated, placing immense pressure on both the government and private-sector investors. Addressing the current challenges faced by these legacy PPP projects—and striking a balance between investment returns and public interests—has become a shared challenge for both the government and private capital partners. The issuance of the "Guiding Opinions on Regulating the Construction and Operation of Existing Government and Social Capital Cooperation Projects" (Guobanhuan [2025] No. 84) provides crucial policy support for the early termination of legacy PPP projects. This article, drawing on relevant legal frameworks as well as recent regulations from fiscal and development authorities, systematically examines the regulatory basis for early termination of PPP projects, offering a robust framework to guide such processes.
2025-10-13
Zhongcheng Qingtai Jinan Region
Address: Floor 55-57, Jinan China Resources Center, 11111 Jingshi Road, Lixia District, Jinan City, Shandong Province
