The Shanghai Financial Court, China’s first specialized financial forum, has recently started using “demonstration cases” in order to tackle a surge in investor lawsuits against securities companies and their major shareholders. 

These cases will offer investors seeking legal help in disputes can get access to a simplified litigation procedure or apply for pre-litigation mediation to avoid lengthy procedures.

The court, which was established in August last year, is reviewing disputes involving nine listed companies suspected of making false statements and leading to economic losses for investors. 

According to Xiaonie Lin, deputy director of the court, demonstration cases are useful because there are numerous similarities in securities disputes, including the same factual and legal issues.

上海金融法院通过“示范判决”加快证券纠纷审理速度

上海金融法院是中国首个金融法院。前不久发布中国首个关于证券纠纷示范判决机制的具体规定，以此应对投资者对证券公司及其大股东提起的诉讼案件。近年来，证券侵权损害赔偿类诉讼案件数量激增。

通过示范判决，既可以促进此类纠纷化解的效率、缩短其诉讼周期；亦可引导当事人通过多元化调解纠纷，避免诉讼周期长等问题。

上海金融法院自去年8月成立以来，已经受理了涉9家上市公司的证券虚假陈述责任纠纷案件，涉及投资者人数众多。

上海金融法院副院长林晓镍表示，通过发挥示范案件的引领作用，有助妥善化解其他平行案件的纠纷解决机制，因为示范案件能反映出此类纠纷中具有共性的事实争议和法律争议。

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