Han Kun successfully represented clients in a share transfer dispute involving nearly 300 million RMB heard by the Supreme People's Court of the PRC and won favorable judgment
2011-05-06
Han Kun represented a company and its shareholders as the Appellees in a share transfer dispute before the Supreme People's Court of the PRC and won favorable judgment. The case involves nearly 300 million RMB.
The Appellees entered into a Letter of Intent for Share Transfer (the "Letter of Intent") with Company A in January 2010, which provides that in case that the conditions provided in the Letter of Intent have been satisfied, the Appellees shall transfer all of their equity interest in Company B to Company A. The Appellees paid certain amount of deposit to Company A as a guaranty for the execution of a formal Share Transfer Agreement. The Appellees refused to execute the Share Transfer Agreement afterwards, and then Company A filed a lawsuit to the Higher People's Court of Hainan Province to request the Appellees to transfer their equity interest.
The Higher People's Court of Hainan Province dismissed the claims of Company A which then appealed to the Supreme People's Court of the PRC. Han Kun represented the Appellees in the appeal. After a trial, the Supreme People's Court of the PRC dismissed the appeal and sustained the judgment of the Higher People's Court of Hainan Province.
The leading lawyer in this case is Dong Liu.
