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Xiaoye Wang

income of consumers, and consequently expand social demand for goods and services, hence ultimately improving the rate of social employment. Thus, the interests of consumers protected by antimonopoly law, and the economic efficiency and social and public interest it spares no effort to improve, are consistent in essence and are not in conflict. The provisions of the Chinese Anti-Monopoly Law on social and public interest have both been based on state circumstances and learned from the experiences of other countries, such as German law. But in 22 Patrick Massey, Reform

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Renmin Chinese Law Review

Selected Papers of The Jurist (法学家), Volume 3

Edited by Jichun Shi

Renmin Chinese Law Review, Volume 3 is the third work in a series of annual volumes on contemporary Chinese law, which bring together the work of recognized scholars from China, offering a window on current legal research in China. This book reflects the study of Chinese law and the reality of Chinese legality and society. Chapters address the developments of the Committee of Politics and Law of CPC, the new challenges China faces in anti-terrorism, the emerging P2P lending in China and the legislation of virtual property inheritance.
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Tian Hongjie

, return the funds it has raised plus a deposit interest as calculated at the interest rate of the bank for the corresponding period of time and be imposed a fine of 1% up to 5% of the funds it has illegally raised. A company that has been established through any unlawful public issuance of securities or through any unlawful public issuance of securities in any disguised form shall be revoked by the organ or department that performs the functions and duties of supervision and administration in collaboration with the local people’s government at or above the county level

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Hee Jeu Kang and Hyun Kim

for LPs that are natural persons and KRW 2 billion for LPs that are corporations and other entities. F. Partner Contributions Under the Commercial Code, an unlimited liability partner of a limited partnership company may contribute credit, labor or cash while a limited liability partner may contribute cash only. However, in regard to PEFs, both unlimited liability partners and LPs may only contribute cash; provided that securities may be contributed to the PEF if they can be objectively valued and such contribution is not likely to harm the interests of other

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Yao Haifang, Peng Yue, Xiao Jianguo, Liu Dong and Zuo Jianwei

Issues on the Specific Application of Law in the Handling of Criminal Cases about Illegal Fund- aising”’, 5 People’s Judicature r (2011), p. 25. 94 Renmin Chinese Law Review the traditional financial system under current interest rate control.6 Also, it is a creation inspired by both foreign financial innovation practices and Chinese practical situations. Hence, a decision to intervene in such economic relationships with criminal measures would be absolutely arbitrary. On the other hand, a lot of considerations need to be weighed between financial regulators, who

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Wu Dezhi

final p e xplanation without onsidering the facts and the context of mistakes c occurring under  ressure, and this contributes to why the success rate p of lawsuits filed by patients and their family members in Taiwan is very low.5 These lawsuits are understandable from the viewpoint of human ethics,  4   Yu- han Chiu, ‘What Drives Patients to Sue Doctors? The Role of C Cultural Factors in the Pursuit of Malpractice Claims in Taiwan’, Social Science & Medicine, Vol. 71, No. 4 (2010), pp. 702–707.  5   C.- ., H.- . Wu and R.- . Chen, ‘Status of Medical Problems in

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Daein Kim

of the market economy. In this context, the Constitutional Court tried to control excessive administrative guidance, and related statutes were enacted. 3. Prospects Although the use of administrative guidance is somewhat reduced, it is continuously used as an industrial policy. Recently, the Minister for Information and Telecommunications published administrative guidance relating to telecommunication rates, leading to a collective rate policy for enterprise. Should that be regulated as an unfair collaborative act under the Monopoly Regulation and Fair Trade Act

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Xiaoye Wang

China's Anti-Monopoly Law (AML) is one of the youngest and most influential antitrust laws in the world today. This book aims to provide a better understanding of the evolution of China’s AML to the international community through a collection of essays from the most prominent antitrust scholar in China, Professor Xiaoye Wang.
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Stanley B. Lubman

rise of illegal private ‘shadow banks’. Minxin Pei (Claremont McKenna University, Department of Government) explains: state-owned banks have restricted credit to the private sector for years, and most of their loans went to SOEs; state-owned banks created ‘wealth management vehicles’ into which the state-owned banks channeled consumer deposits that was lent to unregulated private firms at higher interest rates. When the government has tightened credit to fight inflation, the state-owned banks have been calling in loans to the ‘shadow banks’, some of which have gone

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Xiaoye Wang

federal court, otherwise they will be not recognized or enforced by court; therefore they also have the colour of judicial agreements. For a court to approve a consent decree, it must be in the public interest. If the court believes that a consent decree is in the public interest, it must approve the consent decree. US courts play an important role in the enforcement of antitrust law, especially in the private enforcement of antitrust law. Section 4 of the Clayton Act provides that any person who is injured in his business or property as a result of conduct in violation