China's Supreme Court to Strengthen Judicial Response to New Types of Financial Cases such as Virtual Currency

BlockBeats News, February 25: The Supreme People's Court of China held a press conference on the "Judicial Service Guarantee for the High-Quality Development of the Economy and Society by People's Courts in Civil and Commercial Trials." The Supreme Court stated that in the new year, it will formulate judicial interpretations on civil compensation for insider trading and market manipulation in the securities market, conduct in-depth research on judicial responses to new types of financial cases such as private equity funds and virtual currencies, and improve the financial judicial protection system.

At the same time, the Supreme Court will continue to carry out research and guidance on improving the governance structure of private enterprises, further substantiate the equal protection of private enterprises and entrepreneurs' legitimate rights and interests in accordance with the law, accelerate the introduction of judicial interpretations supporting the new Company Law, strengthen judicial research on disputes involving various market entities, and provide trial guidance. In addition, the Supreme Court will continue to promote the establishment of bankruptcy courts, improve the bankruptcy trial work mechanism, and make judicial preparations for the revision of the Bankruptcy Law. (China Daily)