TechFlow News, February 25: According to China Daily’s website, the Supreme People’s Court today held a press conference titled “The People’s Courts’ Civil and Commercial Adjudication Services in Supporting High-Quality Economic and Social Development.” The Supreme People’s Court stated that, in the new year, it will formulate judicial interpretations concerning civil compensation for insider trading and market manipulation in securities markets; conduct in-depth research on judicial responses to emerging financial cases—including those involving private equity funds and virtual currencies—to further improve the financial judicial protection system. Meanwhile, the Supreme People’s Court will continue its research and guidance on improving the governance structures of private enterprises, further solidifying the lawful and equal protection of private enterprises’ and entrepreneurs’ legitimate rights and interests; accelerate the issuance of judicial interpretations supporting the newly revised Company Law; and strengthen judicial research and adjudication guidance on disputes involving various market entities. Additionally, the Supreme People’s Court will continue advancing the establishment of bankruptcy tribunals, refine bankruptcy trial mechanisms, and prepare judicially for the revision of the Enterprise Bankruptcy Law.
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