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Visiting Scholars Program Workshop
Friday, August 23, 2019 @ 1:00 pm - 2:30 pm
All are invited to attend the Visiting Scholars Program (VSP) workshop on Friday, August 23rd from 1:00 pm to 2:30 pm in room 115.
Ningning Zhang, a visiting scholar from Southwest University, will present her research titled “The Scope of Financial Consumers: From the Perspective of Chinese Judiciary Practice” (see abstract below).
The discussants will be:
- Prasad Krishnamurthy, Professor of Law
- George Lambeth, J.S.D. Candidate
- Xinyuan Shi, Visiting Student Researcher
In China, the concept of “Financial consumers” has been recognized by the Amendments to the Consumer Protection Act 1993” and the regulatory agencies. So far, Chinese courts have made decisions as to the scope of “Financial consumers” over hundred cases while current authorities keep silence as to this issue. It would be helpful to clarify this issue by approaching Chinese judiciary practice even though China is not a case-law system.
In practice, Chinese judiciary practice set up several criterions for financial consumer, including they must be individuals, the counterparty must be financial institutions, the purpose of transaction is for daily consumption and the individuals are not professional. The presentation will illustrate these criterions upon some controversial issues, such as the scope of financial institutions, whether investment activities satisfy the criterion of “daily consumption”, how to judge an individual is professional or not, the differences between consumers, investors and customers.
Events are wheelchair accessible. For disability-related accommodations, contact the organizer of the event. Advance notice is kindly requested.
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