A large centrally administered enterprise was involved in enforcement proceedings in Tianjin. The court had reversed a transfer of RMB 30 million from a reserve account, and the judgment creditor sought reconsideration. The client retained Li Shu’s team to protect the designated funds.
The team presented arguments concerning the account’s nature, the purpose of the reserve, regulatory oversight and whether the enterprise could freely use the funds. Documentation from the commerce authority was relied on to explain their designated purpose and regulatory status.
According to YunTing’s account, the Tianjin High People’s Court dismissed the reconsideration application and upheld the ruling reversing the transfer of the RMB 30 million reserve.