By Wang Fengli  Yuan Min   Li Wenqiang   Guo Haizhen   King & Wood Mallesons

It is reported in the People’s Court Daily, issued by the Supreme People’s Court (hereinafter referred to as “Supreme People’s Court“) on 25 April 2018, that the the 3^rd Circuit Court of the Supreme People’s Court recently held an open hearing of the case of Fujian Weijie Investment Co., Ltd. (hereinafter referred to as “Weijie Company“) (appellant) vs. Fuzhou Tiance Industry Co., Ltd. (hereinafter referred to as “Tiance Company“) (appellee) with Junkang Life Insurance Co., Ltd. (hereinafter referred to as ” Junkang“) as the trial third party and made a ruling. As the Supreme People’s Court decided that the shareholding entrustment arrangement with respect to insurance companies was invalid, the case caused great concern in the financial industry.
Continue Reading Case Study on the Decision of the Supreme People’s Court with respect to Shareholding Entrustment in Insurance Companies