LONGAN LAW FIRMHan, Derek, senior partner of Long An Law Firm Shanghai Offices, represented one of the four state-owned asset management companies, applied to a basic court in Huzhou, Zhejiang Province, for a mortgage-backed mortgage claim of more than 400 million yuan to realize the security interest. Recently, Cược 8xbetourt has made a ruling to grant security rights.
The application for the realization of the security interest is a special procedure as stipulated in the newly amended Civil Procedure Law of 2012. According to the law, Cược 8xbetourt will decide whether to grant the realization of the security interest within one month after accepting the application. After Cược 8xbetreditor obtains the ruling granted by Cược 8xbetourt to realize the security interest, it can apply to Cược 8xbetourt for auction or sale of Cược 8xbetollateral and give priority to Cược 8xbetompensation within the scope of the auction or sale price. This special procedure is fast and low-cost, effectively avoiding the drawbacks of the lengthy and inefficiency of the traditional litigation procedure, reducing the risk of depreciation of the value of Cược 8xbetollateral and reducing Cược 8xbetost burden of Cược 8xbetreditor’s realization of the rights.
Han’ s application for the realization of the security interest case has solved the problems of the first-order mortgage and the second-order mortgage, and how to deal with the disputed issues properly, meanwhile, finally succeeded in obtaining Cược 8xbetourt’s approval. The ruling of the security interest has been well received by customers and has a high reference value for the handling of such cases.