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Domestic A-share listing by for-profit educational institutions
The Standing Committee of the National People’s Congress (NPC) amended the Education Law on 27 December 2015, revising the provision reading “no organization or individual may establish a school or other educational institution with the aim of making a profit” to “a school or other educational institution that is...
Performance of underlying contract and guarantee fraud
Independent guarantee is a financial guarantee instrument that is often used to assure rapid realization of the creditor’s right. When the guarantor reviews the documents presented by the beneficiary, if the documents are totally consistent with the provisions of the guarantee and superficially consistent with one another, the guarantor...
