In an era of heightened regulation of the capital markets, the identification and management of legal risk has become a core competitive capability for financial institutions and listed companies. The Securities and Futures Compliance and Disputes (hereinafter "the Practice Group") is an integrated, full-chain legal service team dedicated to the securities and futures sectors. It is committed to achieving closed-loop management under the principles of "prevention before the fact, control during the process, and resolution after the event", serving as a robust legal backstop for all types of capital market participants to operate soundly amid complex and evolving conditions, through professional, efficient, and pragmatic legal services.
Drawing upon expertise at the frontier of regulatory rules, the Practice Group assists clients in constructing comprehensive compliance systems and establishing routine risk screening mechanisms. In particular, at the moment a regulatory investigation commences, the Practice Group is able to intervene swiftly, applying its precise understanding of regulatory standards to formulate an overall crisis response strategy for the client, and to represent clients in administrative penalty hearings, administrative reconsiderations, and other proceedings, minimising the regulatory impact to the greatest extent possible.
Focusing on typical capital market disputes, the Practice Group specialises in handling complex and high-difficulty cases involving securities misrepresentation, liabilities arising from insider trading and market manipulation, and futures trading disputes, and safeguards clients' lawful rights and interests in complex transactions through professional litigation and arbitration strategies.
Specialising in the pre-emptive prevention of and precise defence against criminal risks arising from insider trading, trading on undisclosed information, and market manipulation. The Practice Group applies criminal defence thinking to examine compliance vulnerabilities, assisting clients in observing the legal red lines, and providing robust criminal defence when clients face criminal exposure.
1. Retained by a listed company (0021XX) to represent it in a series of securities misrepresentation liability disputes with retail investors, including a case brought by a trust company against the listed company that was selected as a typical case of Zhejiang courts' financial adjudication in 2024.
2. Retained by a listed company (3002XX) to represent it in a securities misrepresentation liability dispute with an investor.
3. Retained by a listed company (3002XX) to represent it in a securities misrepresentation case involving investors — the first securities misrepresentation case in Zhejiang Province in which liability was exempted on the basis of a professional damage quantification assessment.
4. Retained by a senior executive of a listed company (0021XX) to represent the executive in a series of securities misrepresentation liability disputes with retail investors.
5. Retained by an accounting firm to represent it in a series of securities misrepresentation liability disputes with retail investors.
6. Retained by a state-owned commercial bank to represent it in a tortious liability dispute against an overseas-listed company, its domestic affiliated entities, its actual controller, and two overseas accounting firms.
7. Retained by two individual "key retail investors" to represent them in a securities misrepresentation liability dispute against a listed company (0024XX) — one of the first cases nationally following the promulgation of the new Judicial Interpretation on Securities Misrepresentation in which investors without prior administrative penalties successfully obtained compensation.
8. Retained by an investment partnership to represent it in a securities misrepresentation liability dispute against a listed company (6011XX).
9. Retained by a securities company to represent it in a bond misrepresentation dispute against a central state-owned enterprise.
10. Retained by a state-owned enterprise to represent it in a right-of-recourse dispute against a securities company, a law firm, and an accounting firm.
11. Retained by a director of a listed company to participate as representative in an administrative penalty hearing convened by the CSRC concerning alleged insider trading by a former director of the listed company.
12. Retained by the chairman of a listed company to participate as representative in an administrative penalty hearing convened by the CSRC concerning alleged misrepresentation.
13. Represented Mr. Tai in a dispute against a futures company concerning the forced liquidation of futures positions.
