Recently, Llinks represented its client, Yonghui Superstores Co., Ltd. (SSE: 601933), in a major equity transfer dispute arbitration, achieving a comprehensive success. The arbitration tribunal supported all of Yonghui Superstores' claims. The ruling has officially taken effect, and the outcome has been highly recognized by the client.
This case is a typical commercial arbitration involving a massive subject matter and a complex transaction structure. Following a previous transfer of shares in a relevant enterprise by Yonghui Superstores, the transferee failed to pay the significant remaining transfer price as agreed, and the relevant guarantors failed to fulfill their guarantee obligations. Consequently, Yonghui Superstores initiated arbitration at the Shanghai International Economic and Trade Arbitration Commission (Shanghai International Arbitration Center), seeking the remaining equity transfer price, accelerated liquidated damages, and reimbursement for legal fees and preservation costs, while also demanding that the relevant guarantors bear joint and several liability. The total amount involved in the case exceeded RMB 3.9 billion.
Upon acceptance of the mandate, and with the full cooperation and support of the client's legal team, Llinks immediately organized a professional service team led by its Capital Markets Department and Dispute Resolution Department, including several senior partners. The team conducted a comprehensive review and analysis of the transaction documents and performance facts, formulated a precise arbitration strategy, and simultaneously advanced property preservation proceedings. During the hearings, the team provided extensive evidence and professional arguments regarding core points of contention, such as the smooth progression of the arbitration procedure, the scope of guarantee liability, and the application of liquidated damages. All representative opinions were ultimately adopted by the tribunal, and all of the client's arbitration claims were supported.
The comprehensive success in this case fully demonstrates Llinks' professional strength in major and complex commercial arbitration, its extensive practical experience, and its ability to manage the entire process of complex disputes. It further solidifies Llinks' leading position in the field of commercial arbitration.
As a leading commercial legal service provider in China, Llinks has long been deeply involved in major litigation, arbitration, and cross-border dispute resolution, accumulating a wealth of landmark service achievements. In the future, Llinks will continue to provide efficient and professional all-round dispute resolution solutions for various clients to fully protect their legitimate rights and interests.
Llinks Engagement Team
Peiming Yang, Partner
James Weng, Partner
