Shanghai Offices Handles the Case of Using the Trustee Property in the Case of a Private Equity Fund Involving RMB 100 Million

Recently, the Shanghai Private Equity Fund represented by Huang, Lei and Deng, Rongcheng of Shanghai offices was suspected of illegally using entrusted property involving nearly RMB 100 million. There is no precedent for the crime of using the entrusted property.

In this case, the public security organ accused the criminal suspect of deviating from the fiduciary duty and causing the investor to lose nearly RMB 100 million. The case involved the financial attributes of the private fund manager, the legal definition of the financial derivatives and their transaction structure, and the financial legal issues such as the OTC derivatives trading model. There are many institutions involved, and the case is highly complicated.

Huang, Lei and Deng, Rongcheng quickly intervened in the investigation of the case after accepting the entrustment of the client. They repeatedly met the suspect to grasp the progress of the case, and consulted with the family members and industry experts on the key issues and collect the relevant materials to form the main the arguments and the direction of evidence collection. In combination with the evidence in this case, Huang, Lei and Deng, Rongcheng submitted written legal opinions to the investigative and prosecutorial organs, explaining in detail about the applicable laws and insufficient evidence in this case. Eventually, the procuratorate did not approve the arrest procedure for the suspect. Long An lawyers effectively protected the legitimate rights and interests of the private business owners.

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