Beijing Financial Court - Innovative "financial execution" to help enterprises solve difficulties

2023-03-16

Business environment is an important soft power and core competitiveness of a country and region. Since the establishment of the Beijing Financial Court, it has thoroughly implemented the decision and deployment of the CPC Central Committee on optimizing the business environment, and actively provided a "financial execution plan" with the characteristics of the capital to create a market-oriented, law-based, and international first-class business environment. Repair the corporate financial credit to guide the capital service entity "The professional opinions of business environment experts on the development prospects of our company have strengthened the trust of creditors and the debt has been fully paid off. Now the company has been saved, and more than 500 employees have not been laid off. We commend the work of optimizing the business environment for the Beijing Financial Court!" In August 2022, the head of a photovoltaic power generation enterprise sent a banner to the Beijing Financial Court, He also expressed his gratitude to the studio of the Institute for optimizing the business environment. The workshop for optimizing the business environment is a collaborative governance platform jointly built by the Beijing Financial Court, the Beijing Federation of Industry and Commerce and its affiliated chambers of commerce in July 2022. On the one hand, the platform actively maintains the security and stability of financial claims, coordinates the mutual understanding between financial institutions and enterprises in distress, and guides capital to improve and serve the real economy; On the other hand, it actively helps property rights protection, helps private enterprises repair and reconstruct damaged social credit, and ensures stable and sustainable development of enterprises. In March 2022, a financial leasing company applied to the Beijing Financial Court for enforcement. After filing the case, Liu Hui, the executive judge, after assessment, believed that if the seized photovoltaic power generation equipment was disposed of by means of compulsory enforcement, the enterprise would be shut down and hundreds of employees would be unemployed, and only half of the creditor's rights would be realized. In order to reduce the adverse impact of the implementation measures on the production and operation of the enterprise, Liu Hui adopted the "live closure" measures to allow the enterprise to continue to use photovoltaic power generation equipment. At the same time, the Institute's business environment optimization studio invited business environment experts to conduct comprehensive analysis and judgment on the company's core competitiveness and other indicators to promote the reconciliation between the two parties. After several rounds of negotiation, both parties reached an implementation settlement agreement to be performed by stages. "At first, we had some concerns. Later, after the full evaluation of the development prospects and inherent advantages of photovoltaic power enterprises by business environment experts, our company finally accepted the settlement plan. Now, the effect is very good, and the company has realized all its claims in the shortest time." The application executor said after receiving all the case funds. Over the past six months, the Beijing Financial Court has handled 41 enforcement cases of various types through optimizing the working mechanism of the business environment studio, with the amount of the subject matter involved reaching more than 22.3 billion yuan. While fully guaranteeing the realization of the legitimate rights and interests of the applicant for enforcement, it has ensured the continuous operation of a number of enterprises to be implemented, such as private hospitals, cultural and tourism companies, and achieved the "win-win" effect. In August 2022, the Beijing Financial Court accepted a series of cases in which a wealth investment management company applied for the execution of a holding group company and other business trust disputes, and the amount of the application for execution amounted to more than 7 billion yuan. The executor is a well-known domestic large enterprise in the field of real estate and finance, which has attracted wide attention from all walks of life. The person applying for execution shall act on behalf of

Edit:Ying Ying    Responsible editor:Shen Chen

Source:rmfyb.chinacourt.org

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