Looking back at 2023, the securities industry has undergone great changes. Whether it is the establishment of the State Administration for Financial Supervision and Administration, or the multiple normative documents and exchange business rules issued by the China Securities Regulatory Commission, all convey the country's attitude towards strong supervision of the securities market. After 30 years of development, our securities market has indeed entered a deep reform zone, and many problems have accumulated for a long time. Among them, fraudulent issuance has always been a "cancer" in the securities market. There are mature "packaging" institutions in the market that specialize in providing comprehensive decoration and packaging for potential listed companies, enabling them to issue stocks or bonds to obtain undue benefits. Financial fraud incidents such as Luckin Coffee and Purple Crystal Storage continue to emerge, causing a huge impact on the securities market and investors, endangering the order and financial security of China's securities market. The China Securities Regulatory Commission has repeatedly stated that it will promote the implementation of administrative, civil, and criminal penalties for fraudulent issuance to form a strong deterrent. To this end, we have launched a series of articles on fraudulent distribution, sharing practical cases related to fraudulent distribution with everyone and exploring relevant legal issues. This article is the first in a series of articles, please continue to follow.

The Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Law in Handling Criminal Cases Involving Harmful Tax Collection and Management, which came into effect on March 20, 2024, Law Interpretation [2024] No. 4, further clarifies the conviction and sentencing standards, understanding of charges, legal application of new criminal methods, and punishment principles for 14 tax related crimes, including the crime of tax evasion, evasion of tax arrears, fraud of export tax refunds, and falsification of value-added tax special invoices. The author of this article, based on years of experience in representing tax related criminal and administrative cases, interprets several high incidence charges such as tax evasion mentioned in Fa Shi [2024] No. 4 and the key issues that readers are concerned about, in order to be beneficial to readers.

Last year, our team acted as an agent for an annuity insurance surrender case, with a surrender amount of 1.5 million yuan. With the efforts of our team and multiple negotiations, the insurance company finally refunded the full premium to the customer. When formulating the litigation plan, we prepared a plan to claim triple compensation from the insurance company. If the case enters the litigation process, whether insurance consumers can claim triple punitive damages in the event of insurance fraud will become the biggest controversial focus.

I watched director Zhang Yimou's "Article 20" with great anticipation during the Spring Festival holiday. Emotions change from sadness and anger to pain as the story unfolds. When the prosecutor's office ultimately determines that the defendant constitutes legitimate defense and is acquitted, the suppressed emotions instantly turn into tears as justice is upheld. Perhaps some people will say that as a legal person, how could you be moved by such emotional movies! But what I want to say is that this is a very profound legal film, which accurately grasps the current situation of legitimate defense in judicial practice and truthfully reproduces the difficulties in determining legitimate defense.

By the time we wrote this question, we had already provided legal services for claims litigation for a large domestic insurance company for six consecutive years. From car insurance to non car insurance, from property insurance to personal insurance, from litigation property preservation liability insurance to employer liability insurance. The more insurance dispute cases we handle on behalf of insurance companies, the more we realize that it is necessary for lawyers to intervene in insurance claim cases in advance!

The recently released film "Article 20" directed by Zhang Yimou is currently popular. As a former prosecutor and now a lawyer, I feel like I'm stuck in my throat and don't want to express myself. So, let's take advantage of the heat and chat a few words.

Article 22 of the Interpretation of the Supreme People's Court on Several Issues Concerning the Application of the General Principles of Contract Compilation of the Civil Code of the People's Republic of China (hereinafter referred to as the Interpretation of the General Principles of Contract Compilation of the Civil Code), which came into effect on December 5, 2023, stipulates the issue of "having a person without a chapter", tracing back to its origin. The core of this issue still lies in the issue of official behavior. Official behavior can be divided into the official behavior of the legal representative or the main person in charge, and the official behavior of other staff members, both of which can result in legal consequences of official behavior. There are many theoretical and practical studies on the behavior of job representation, but the behavior of job agency gradually improved with the introduction of the General Principles of Civil Law. What is job agency? What is the difference between job agency, representative, and entrusted agency? Does the contract have effect on the legal person in the case of "someone without seal"? These are common problems encountered in practice, and this article will answer each of these questions one by one.

Recently, a news about Dongfang Zhenxuan's alleged sale of counterfeit "Wuchang Rice and Rice Flower Fragrance No. 2" quickly spread on the internet, causing widespread attention. According to media reports, Wang Hai, who played a dummy, revealed that after purchasing "Wuchang Rice and Rice Fragrance No. 2" sold by Dongfang Zhenxuan, he discovered that the product was suspected of being counterfeit. After some investigation, Wang Hai believes that the product does not come from the Wuchang area and there is a behavior of counterfeiting inferior products and deceiving consumers. The mixed online evaluations of this incident have also drawn attention to the controversial "professional anti-counterfeiting" group in recent years.

Did celebrity sales fail again?! A news report over the weekend about celebrity Huang Shengyi's endorsement of a cured meat brand being reported to the police has attracted attention. In recent years, online live streaming sales have become an emerging industry, with many "internet celebrities" and celebrities appearing in live streaming rooms to become "grass planting experts", attracting fans to place orders and make important contributions to driving consumption and stimulating economic growth. However, this business model is not yet mature, and many problems have gradually been exposed. Controversies over celebrity sales and top anchors frequently appear on hot searches. As the builders of virtual spaces, the role of the platform cannot be ignored. Depending on their specific actions, their legal responsibilities also vary.