A Chinese court has ruled that Shanghai-based AllBright Law Offices shared civil liabilities on a bond default for due diligence failure as an intermediary.
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https://www.law.com/international-edition/2021/01/06/chinas-allbright-law-offices-liable-for-bond-issue-due-diligence-failure-court-says/
China's AllBright Law Offices Liable for Bond Issue Due Diligence Failure, Court Says
Securities intermediaries in China, including law firms, could face regulatory headwinds as civil and criminal liabilities pile on.
January 06, 2021 at 11:10 AM
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