On special procedure to realise security interest

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After the revision of the PRC Civil Procedural Law many of our clients, especially financial institutions, have asked us to explain the new special procedure for realising security interests (the Realisation Procedure). We have been preparing a test case and have delved into recent updates of judicial practice on the Realisation Procedure. This article describes some key points about the Realisation Procedure based on our latest research and banking litigation experience…

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