Guangdong Lawyers Association: The 2019 First China Litigation Finance Forum Successfully Held in Guangzhou
From June 29 to 30, 2019, the “2019 First China Litigation Finance Forum” was held in Guangzhou. The forum was co-organized with the participation of the Finance Committee of the Provincial Lawyers Association, and attracted nearly 300 attendees, including lawyers from across the province and representatives from litigation investment institutions and platforms, insurance companies, and asset management companies. Wang Tengfeng, Deputy Supervisor of the Provincial Lawyers Association, attended the forum. Yin Xing, Deputy Director of the Finance Committee of the Provincial Lawyers Association, delivered a keynote speech.
Yin Xing, Deputy Director of the Financial Special Committee of the Provincial Lawyers Association
At the forum, more than 10 experts and scholars delivered keynote speeches on topics including analysis of the litigation finance market, exploration of overseas development trends, the integration forms and empowerment principles of litigation + finance, preliminary exploration of pathways, risk control, and the development status of various regions in China, engaging in in-depth discussions with attendees. Among them, Deputy Director Yin Xing spoke on the topic of “Financial Investment Opportunities and Risk Control in Litigation Finance,” addressing potential legal issues in litigation finance from a professional legal perspective. He analyzed key considerations in the process of debt assignment and placed particular emphasis on explaining the legal doctrines and statutory bases for creditor’s rights assignment, providing an accessible and in-depth interpretation of creditor’s rights assignment issues from a case study perspective.
Litigation finance, as an innovative method to share litigation risks, is a new model that combines lawyers' participation in litigation services with financial operations. Lawyers must integrate capital and technology into legal services to better serve clients and society, providing strong support for safeguarding clients' legitimate rights and interests, reducing social costs, and enhancing social harmony. The Financial Special Committee of the Provincial Lawyers Association organized this forum with the aim of helping more lawyers understand and recognize litigation finance, enabling them to offer clients more comprehensive and innovative legal services. (Drafted and photographed by the Financial Special Committee of the Provincial Lawyers Association; reviewed by Luo Chuyin; approved by Xiao Shengjun)
