DeHeng Hangzhou Successfully Represented Client in Financial Loan Contract Dispute, Reducing Over RMB 100 Million in Debt

2025-03-14

In 2024, the applicant, a joint-stock bank, filed for arbitration with the Shenzhen International Arbitration Court, requesting the first respondent to repay a loan principal of RMB 693,799,858, requesting the first respondent to repay RMB 403,501,098.50 in unpaid interest during the loan period, requesting the first respondent to pay overdue interest at an annual rate of 19.6%, requesting the second respondent to bear joint and several liabilities for 36% of the above debt, requesting the third and fourth respondents to bear joint and several liabilities for 28% of the above debt, requesting the fifth respondent to bear joint and several liabilities for 19% of the above debt, requesting the sixth respondent to bear joint and several liabilities for 9% of the above debt, and requesting the applicant to have a pledge right over the relevant equity held by the seventh respondent. 

Accepting the mandate of the second respondent, partner Nie Lijuan from DeHeng’s Hangzhou Office actively organized evidence, participated in the court hearing and presented a vigorous defense with a focus on the guarantee issues involving the second respondent in this case. The defense strategy was fully recognized by the arbitration committee. The Shenzhen International Arbitration Court ruled that the second respondent would bear the responsibility for 28.125% of the debt owed by the first respondent, and the ruling adjusted the interest rate for the repayment period interest and expected interest. Thus, the case concluded satisfactorily.