DeHeng Successfully Represented Client in RMB 4.7 Billion Trust Beneficiary Rights Transfer Dispute, Saving Significant Losses

2024-06-05

The Jiangsu High People’s Court recently issued a ruling declaring that appellant Hong failed to pay the appeal fee within the specified time, thereby treating the appeal as voluntarily withdrawn. The first-instance judgment became effective upon delivery of this ruling. With this, a dispute over the transfer of trust beneficiary rights, valued at RMB 4.7 billion, involving a bank as the plaintiff and several defendants including a Wuhan energy technology company, individuals Ji, Xia, and Hong, a Ningbo management company, and a Ningbo equity investment partnership, has been concluded with a complete victory for the client represented by DeHeng partners Zhang Shengjie and Nie Lijuan of the Hangzhou Office, with support from lawyers Xu Linghan and Ji Liyefu.

This case involved structured products, encompassing financial knowledge and policies about trusts, funds, and others, which have sparked numerous debates and controversial viewpoints in practice. It also touched upon new legal practices such as the bankruptcy system and changes in the guarantee system before and after the implementation of the Civil Code. In response, DeHeng’s legal team made thorough preparations both before and after the court session. The first-instance judgment largely accepted the arguments put forth by DeHeng's lawyers, with the reasoning part extensively incorporating their statements and opinions. The meticulous pre-trial preparation, composed courtroom performance, and comprehensive post-trial written reports by DeHeng lawyers, along with the final judgment and its content, demonstrated their robust capabilities in handling complex disputes and managing high-stakes cases.