The Supreme People’s Court has recently released its work report, highlighting the need to crack down on illegal lending practices such as “cut off interest rates”, “usury loan transfers”, and “professional lending”. These practices have been deemed illegal and the court is taking steps to address them.
One key point in the report is the awakening of “Article 20”, which has been illustrated in a legitimate defense case. The report details the whole process of this case, emphasizing the importance of upholding the law and protecting the rights of individuals.
The report also discusses the proposal to curb high betrothal gifts, which has resonated with many. This issue will be further addressed in the National Two Sessions in 2024.
Additionally, the Supreme Court has announced that the number of first-instance civil and commercial cases in Guangdong and other places will decrease in 2023. The management of litigation sources has achieved significant results, showing progress in the administration of justice.
Overall, the Supreme People’s Court is working tirelessly to uphold the law, protect the rights of individuals, and promote justice in the legal system.