Lawyer: What does it mean that Sun Yuchen has applied for property preservation against Jing Tian?
In the Wu Shuo Unencrypted podcast, encryption-law attorney Jin Jinzhi said that property preservation is a common procedural measure, mainly intended to prevent the defendant from transferring assets and to ensure that the plaintiff can actually enforce a favorable judgment. The court’s agreement to grant the preservation does not mean it has preliminarily recognized Sun Yuchen’s substantive claims. To freeze assets worth RMB 30 million, the party applying—Sun Yuchen—must provide corresponding security; in practice, this is typically done by obtaining a letter of guarantee from an insurance company.
Follow the Wu Shuo channel for more professional interviews, podcasts, and short videos
In the Wu Shuo Unencrypted podcast, encryption-law attorney Jin Jinzhi said that property preservation is a common procedural measure, mainly intended to prevent the defendant from transferring assets and to ensure that the plaintiff can actually enforce a favorable judgment. The court’s agreement to grant the preservation does not mean it has preliminarily recognized Sun Yuchen’s substantive claims. To freeze assets worth RMB 30 million, the party applying—Sun Yuchen—must provide corresponding security; in practice, this is typically done by obtaining a letter of guarantee from an insurance company.
Follow the Wu Shuo channel for more professional interviews, podcasts, and short videos