Prop­erty to be seized to pay court ver­dicts

China Daily (USA) - - CHINA - By CAO YIN caoyin@chi­nadaily.com.cn

Ana­tional on­line sys­tem to search for the prop­erty in­for­ma­tion of peo­ple who have failed to carry out court judg­ments is tak­ing shape, anof­fi­cial of China’s top court said on Wednes­day.

The sys­tem, which­will cover all re­gions of the coun­try, aims to help courts dis­cover what prop­erty and other as­sets are held by de­fault­ers, with a view to­ward liq­ui­dat­ing them to en­force mon­e­tary judg­ments, ac­cord­ing to Jiang Bixin, vice-pres­i­dent of the Supreme Peo­ple’s Court.

“Our goal is to fig­ure out var­i­ous prop­erty in­for­ma­tion through the sys­tem, in­clud­ing de­fault­ers’ lands, houses, sav­ings, fi­nan­cial prod­ucts, se­cu­ri­ties, stocks and ve­hi­cles,” Jiang said.

Mean­while, ev­ery court is re­quired to in­crease con­nec­tiv­ity with other courts, mak­ing sure each step of ver­dict en­force­ment is trans­par­ent and taken with­out de­lay, he said.

In June 2015, the sys­tem was opened at courts in seven mu­nic­i­pal­i­ties and prov­inces, in­clud­ing Shang­hai. Now, more than 3,500 courts across the coun­try are con­nected, the top court said.

The num­ber of banks linked to the sys­tem has also grown to more than 3,000 from the ini­tial 20, and search­ing has ex­panded.

En­force­ment is also tak­ing place. For ex­am­ple, a law­suit against a Bei­jing de­vel­op­ment and con­struc­tion com­pany over its late pay­ment of en­gi­neer­ing fees was de­cided against the com­pany. But the com­pany did not pay.

To en­force the judg­ment, Bei­jing No 1 In­ter­me­di­ate Peo­ple’s Court judge Liu Jin­long or­dered the auc­tion of three prop­er­ties owned by the­com­pany inthe city’s Chaoyang dis­trict. Funds re­ceived from the sale were used to set­tle the debt.

To speed up ver­dict en­force­ment, the top court es­tab­lished a web­site to dis­close the in­for­ma­tion of de­fault­ers in July 2013. The names of de­fault­ers in more than 5 mil­lion­cases have now been posted on­line, J ian gs aid.

The top court has also joined hands with var­i­ous gov­ern­ment de­part­ments to pres­sure de­fault­ers to com­ply by cre­at­ing in­con­ve­niences in some other ar­eas of life, such as buy­ing rail­way and flight tick­ets, and ap­ply­ing for loans.

As of Aug 31, the court had recorded 1.55 mil­lion in­stances in which a de­faulter had been barred from buy­ing a train ticket, and 4.71 mil­lion in­stances for flight tick­ets, the top court said.

Jiang Bixin, vice-pres­i­dent of the Supreme Peo­ple’s Court

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.