ENG

CV

Ruixuan LI

Li Ruixuan specializes in securities litigation, securities compliance, and corporate litigation. He has represented dozens of listed companies, securities firms, accounting firms, and credit rating agencies in securities compliance and litigation cases. Notable cases include the first settlement of a Chinese securities special representative action, the first commitment case of administrative matters in the Chinese securities field, a global top four accounting firm's bond false statement case, and the first case of fraudulent issuance of asset-backed securities in the country.

He has represented over ten asset management/trust product managers in disputes involving both the funding and asset sides, showcasing substantial experience in handling enforcement cases. Lawyer Li has also represented numerous listed companies and state-owned enterprises in disputes related to corporate control battles, performance-based disputes, contribution disputes, contract disputes, and other civil and commercial cases. He has achieved successful verdicts in retrial cases at the Supreme People's Court and various high people's courts across the country.

Lawyer Li led the completion of significant projects for the China Securities Association, the National Association of Financial Market Institutional Investors, the People's Bank of China, and the Shenzhen Stock Exchange. He has published multiple papers on securities law in professional journals.

Representative Matters

Securities Litigation:

Represented a certain securities firm in addressing the securities false statement special representative lawsuit arising from fraudulent issuance in connection with the IPO sponsorship of Zeda Yisheng: The first case of special representative lawsuit settlement in China.

Represented a certain securities firm in addressing the recourse liability dispute arising from fraudulent issuance and early compensation related to the IPO sponsorship of Purple Crystal Storage.

Represented a certain securities firm in addressing the false statement liability dispute arising from financial fraud in connection with the IPO sponsorship of Liyuan Jingzhi: The first case nationwide clarifying the continuous supervisory duties and immunity for non-public offering sponsors.

Represented a certain securities firm in addressing the false statement liability dispute arising from fraudulent issuance of asset-backed securities as the original equity adviser: The first case of fraudulent issuance of asset-backed securities nationwide.

Represented a certain securities firm in addressing the false statement liability dispute arising from financial fraud by Zhisheng Lianfa as a leading broker on the New Third Board: The first case of false statement by a listed company and lead broker on the Beijing Financial Court.

Represented a certain securities firm in addressing the false statement liability dispute arising from regulatory violations by Junling Energy as a leading broker on the New Third Board.

Represented a certain big-four accounting firm in addressing the false statement liability dispute arising from false statements in the Fuguiniao bond: Recognized as an Outstanding Transaction in the 2022 Business Law.

Represented a certain big-four accounting firm in addressing the audit infringement liability dispute.

Represented a certain credit rating agency in addressing the false statement liability dispute arising from the ZTE bond: The first false statement lawsuit case arising from default


Securities Compliance:

Assisted a certain securities firm in addressing administrative regulatory investigations arising from fraudulent issuance by Purple Crystal Storage as the IPO sponsor: The first case of administrative commitments by the Chinese securities administrative subjects.

Assisted a certain securities firm in addressing administrative regulatory investigations arising from fraudulent issuance by Zeda Yisheng as the IPO sponsor.

Provided securities compliance advisory legal services for one of the world's top three credit rating agencies.


Securities Compliance:

Assisted senior executives of a listed company in addressing administrative regulatory investigations for alleged insider trading.

Assisted the former chairman and executives of a listed company in addressing Shenzhen Stock Exchange disciplinary hearings for alleged illegal information disclosure.

Assisted a foreign investment group in addressing administrative regulatory investigations for a certain insider trading case.

Assisted a foreign investment institution in addressing potential compliance cases related to related-party transactions.

Represented a listed company in participating in administrative penalty hearings for alleged fraudulent issuance and false statements in convertible bonds: The first case of administrative penalty defense and hearing for convertible bond fraudulent issuance nationwide.

Represented the controlling shareholder of a listed company in addressing administrative hearings for alleged market manipulation.

Represented the controlling shareholder of a listed company in participating in Shenzhen Stock Exchange disciplinary hearings for alleged fund misappropriation and violations of information disclosure.

Represented a US executive of a listed company in addressing administrative reconsideration for alleged illegal information disclosure.

Assisted a certain accounting firm in addressing administrative regulatory investigations for internal control procedures related to audit opinions.

Assisted a certain securities firm in addressing administrative regulatory investigations for falsifying expert identities in roadshow telephone conferences, known as the 'Telephone Gate Incident.'

Assisted a private fund manager in addressing disciplinary hearings by the Securities Investment Fund Association for alleged improper promotion of private fund products.


Corporate Disputes and Asset Management Disputes:

Represented a large central state-owned enterprise (SOE) listed company and its subsidiary in addressing unjust enrichment disputes with Beijing Jintai: Successfully applied to the Supreme Court to initiate retrial proceedings and submitted the case, ultimately successfully overturning the Beijing High Court's second-instance judgment.

Represented a subsidiary of China National Offshore Oil Corporation (CNOOC) in addressing purchase contract disputes and execution procedures with Dongying Petrochemical.

Represented a listed company in handling control-related disputes with the forcibly acquired entity of the listed company.

Represented CITIC Securities' wholly-owned private equity subsidiary, Jinshi Investment, in addressing equity disputes with Guo Jing Tai Fu.

Represented Meishang Ecology in handling earn-out liability disputes with the original shareholder of Jindian Landscape.

Represented Meishang Ecology in handling disputes related to the termination of the additional issuance contract with non-public offering subscribers.

Represented a non-listed public company in addressing loan contract disputes and shareholder contribution disputes with shareholders.

Represented a large central SOE trust company in addressing trustee responsibility arbitration disputes with trustors.

Represented a large central SOE trust company in addressing multiple notarized debt instrument forced execution procedures and execution objection lawsuits with financiers.

Represented a large central SOE trust company in addressing termination of trust contract disputes with subordinate trustees.

Assisted a large central SOE trust company in addressing shareholder defective contribution liability disputes with investment company creditors.

Represented a large trust company in addressing deficit compensation disputes with subordinate trustees.

Represented a large trust company in addressing loan contract disputes with financiers.

Represented a fully-owned investment subsidiary of a large trust company, Zhongrong Dingxin, in addressing entrusted wealth management contract disputes with investors.

Represented a large trust company in addressing trustee responsibility disputes and bankruptcy restructuring procedures with trustors.

Honors and Awards

A certain big-four accounting firm was involved in the Fuguiniao bond false statement liability dispute, recognized as an Outstanding Transaction in the 2022 Business Law.

Research report on the topic "Legal Obligations of Securities Companies and Investment Banking Practice Evaluation from the Perspective of Securities False Statement Liability," awarded as an Excellent Research Project in the "2022 Key Topics Research" by the China Securities Association.

Research report on the topic "Legal Responsibility Study of Intermediary Institutions in Bond Market False Statement," awarded as a Research Plan Award in the "2022 Annual Research Plan" by the China Foreign Exchange Trading System & National Interbank Funding Center.

Publications

"Securities False Statement Liability: Definition of Due Diligence Obligations for Securities Companies and Evaluation Suggestions for Investment Banking Practices from the Perspective of Securities False Statement Liability," published in the China Securities Association's internal publication "Chuandao," Issue 36, 2023.

"Compilation of Abstracts of Excellent Research Projects on Key Topics of the China Securities Association in 2022" (article included), published by China Finance and Economic Press, November 2023.

"Essence and Commentary on the Securities Law of the People's Republic of China" (co-authored), published by China Legal System Publishing House, September 2020.

"Witness and Prospect: Twenty Years of Securities Litigation in China" (co-authored), published by Zhong Lun Research Institute, May 2022.

"Practice and Suggestions for the Application of Administrative Penalties for Violations of Securities Information Disclosure Standards in China," published in the "Tsinghua Financial Law Review," Volume 3, Issue 2, 2019.

"Research on the System of Returning Gains Obtained from Infringing Rights and Interests," published in "Graduate Law Journal," May 2016.

  • Bar Admissions/Professional Qualifications

    2018 PRC

  • Education

    2013 to 2016: Master of Laws in Civil and Commercial Law at China University of Political Science and Law.
    2014 to 2015: Magister Juris at the University of Oxford.
    2009 to 2013: Bachelor of Laws at Beijing Normal University.

  • Professional Experience

    2019 to present: Non-Equity Partner and Lawyer at Zhong Lun Law Firm.
    2016 to 2019: Lawyer at King & Wood Mallesons Law Firm.

  • Languages

    Chinese
    English