After four years of representation, Fangda secured the final dismissal of all claims brought by bond holders against intermediary institutions providing securities services to a holding group alleged to have made false statements in connection with bond issuances. The bond holders brought multiple lawsuits and arbitration proceedings against various intermediary institutions, seeking several hundred million RMB in damages for securities misrepresentation, making it one of the most high-profile bond misrepresentation cases in recent years.

The rulings secured by Fangda in these cases address a key legal challenge in China’s emerging securities market: how to protect investors and maintain market integrity without placing unfair or excessive legal burdens on intermediary institutions. The rulings were based on Fangda's careful legal analysis and argumentation and ensured that responsibility was fairly and accurately assigned. The judicial approach that emerged from these cases is expected to help shape a more balanced and predictable framework for handling similar securities misrepresentation disputes in the future.

Since taking on the matter in 2021, Fangda’s dispute resolution team handled more than a dozen lawsuits and arbitration matters on behalf of its clients, which included a leading securities company as well as another intermediary institution. The dispute resolution team was led by partner Weiguo YANG, with team members including Joyce HE, Alex LV, and Ariel JIANG.