Wang Xiaofei tops the trending list again, shares in Ma Liuji frozen
[4] Compiled from: Red Star News
Case review
Recently, Beijing Xiao Wang Ma Liu Ji Cultural Technology Development Co., Ltd. has added new information on frozen equity. The person subject to enforcement is Wang Xiaofei, the amount of equity frozen is 200,000 RMB, the freezing period is from April 18, 2023, to April 17, 2026, and the executing court is the Beijing Third Intermediate People's Court.
Civil Procedure Law of the People's Republic of China
Article 106
Property preservation is carried out by seizure, sealing, freezing, or other methods prescribed by law. After the people's court preserves the property, it shall immediately notify the person whose property has been preserved.
Property that has been seized or frozen may not be seized or frozen again.
[1] The author's perspective
From the screenshots in the current news, this case should be a pre-litigation preservation, that is, the people's court, after the litigation has begun or before the litigation begins, in order to ensure the smooth execution of a future judgment, takes various compulsory protective measures against disputed property or property related to the case in accordance with the law. The purpose of establishing a property preservation procedure is to ensure that a future legally effective judgment can be fully and smoothly executed, thereby maintaining the seriousness and authority of the effective judgment and truly protecting the legitimate rights and interests of the winning party.
At present, China's market economic system is still not perfect, and there is also a certain lack of credit awareness. The property preservation system plays an important role in preventing parties from maliciously transferring, concealing, destroying, or squandering disputed property or related property under their possession.
