On 31 May 2021, Shanghai High People's Court (“Shanghai Court”) issued the Chinese-English bilingual versions of three white papers, i.e. “Briefing of Financial and Commercial Trials in Shanghai Courts in 2020” (2020年度上海法院金融商事審判情況通報), “Trial Briefings on Dispute Cases Involving Local Financial Organizations in Shanghai’s Courts 2016–2020” (2016-2020年上海法院涉地方金融組織糾紛案件審判情況通報) and “Ten Typical Financial and Commercial Cases in Shanghai Courts in 2020” (2020年度上海法院金融商事審判十大案例).
The Ten Typical Financial and Commercial Cases covers disputes over trust, false securities statement, insurance contract, financial institution entrusted for wealth management contract, the rank order of floating charge and pledge, financial leasing contract, and bond transaction.
According to the three white papers, the total value of first-instance financial and commercial cases accepted by Shanghai courts in 2020 fell to CNY 180.604 billion, down 18.58% year-on-year. The top three types of cases by value are disputes over financial loan contracts, financial leasing contracts, and bank cards. At the same time, the top five types of financial and commercial cases accepted by Shanghai courts in 2020 are disputes over bank cards, financial loan contracts, financial leasing contracts, the liability for false securities statements, and property insurance contracts, altogether representing 96.12% of the total number of first-instance financial and commercial cases accepted by Shanghai courts.
Cover Photo by Liam Li (https://unsplash.com/@nebula5cm) on Unsplash
Contributors: CJO Staff Contributors Team
