Li Shu’s Team Secures Partial Release of Excessive Asset Restraints in Enforcement Objections

2024-04-27阅读中文版

In a share repurchase dispute, numerous properties and bank accounts of a company were restrained, and the legal representative’s personal accounts were also affected. The client engaged Li Shu’s team to seek release of excessive restraints and restore operating assets and liquidity.

The team requested property valuation to assess the relationship between the restrained assets and the amount claimed. It filed several enforcement objections and explained how the measures affected ordinary business operations.

According to YunTing’s account, the Qinghai High People’s Court issued three rulings releasing excessive property seizures and lifting freezes on some company and legal representative accounts. Certain funds remained frozen.

Source: Original publication