Here it involves the issue of legal validity again. The limited liability of a joint-stock company is stipulated by company law, while the liability provisions come from the securities law and the corresponding judicial interpretation of the Supreme Court.
In this context, company law is the general law, whereas securities law is the special law. According to relevant rules, when there is a conflict, the effect of the special law is superior to the general law!
Therefore, the securities law and its judicial interpretation should be applied, and the executives of these companies must bear responsibility.
In between, there were three hearings; after several meetings, the judicial committee of the High Court finally made a decision.
Unconsciously, another January has come, January 6. Old Tang, carrying a handbag, arrives at the Provincial High Court. Today, the court is convening again; presumably, the verdict will be announced.
