Zhongyin Lawyers Successfully Appointed an Investment Company for Loan Contract Disputes
Recently, Zhongyin (Chengdu) branch’s lawyers Xu Hong and Zhao
Qingshu represented the 19-month investment company in a loan contract dispute
case to make a final judgment, and won a full victory.
In February 2015, a Sichuan Energy Development Co., Ltd.
(abbreviation: an energy company) used Sichuan Real Estate Development Co.,
Ltd. (abbreviation: a real estate company) as a debt guarantor to Sichuan
Investment Co., Ltd. (abbreviation: an investment company), borrowing RMB 200
million. During the existence of the contractual relationship, neither an
energy company nor a real estate company fulfilled its obligations. After a
number of investment companies failed to collect any results, they commissioned
Zhongyin (Chengdu) branch’s lawyers Xu Hong and Zhao Qingshu to bring lawsuit
to the Chengdu Intermediate People's Court of Sichuan Province to safeguard
their legitimate rights and interests.
In May 2016, Chengdu Intermediate People's Court of Chengdu
Municipality of Sichuan Province, after an open hearing, decided that the
borrower of an energy company and a guarantor of a real estate company jointly
returned an investment company with a loan principal of RMB 200 million and a
capital occupation fee. After the judgment of first instance, a real estate
company of the guarantor appealed to the Higher People's Court of Sichuan Province
on the ground that its guarantee was invalid. The Higher People's Court of
Sichuan Province made a final judgment after being open to trial and determined
that the Chengdu Intermediate People's Court found the facts clear, the
evidence was indeed sufficient, the trial procedure was lawful, the applicable
law was correct, and the court rejected the appeal and upheld the original
The case involved a large amount of money and a long time. Lawyers
Xu Hong and Zhao Qingshu, with their solid theoretical foundation and rich
practical experience, have conducted in-depth research and scrutiny of the
case, formulated a litigation plan that suits the case itself, laid a solid
legal foundation for the trustee’s effective debt repayment, and effectively
maintained the legitimate rights of the client.