The rise of securities litigation in China
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Katherine JoThe CSRC's crackdown on securities fraud has sparked a series of disputes between listed companies and their shareholders, paving the way for rights defense lawyers and steering key judicial practices
Intensifying investigations carried out by the China Securities Regulatory Commission (CSRC) in recent years have led to a surge in the number of listed companies that have been imposed administrative penalties for information disclosure violations, insider trading, and other acts of fraud.
Shareholders may take securities fraud actions demanding that the company compensates for the losses incurred. These legal actions have unique features that distinguish them from the other civil or commercial suits, and have contributed to the rise of a new profession: the rights defense lawyer. Increased support for litigation financing followed, as did the shaping of judicial practice.
The Offense
The rights defense lawyer
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