I. Provisions on Representative Litigation
I. Obligations of Liquidation Obligors and Composition of the Liquidation Team
I. Concept of Nominee Equity Holding
Cross-shareholding is a relatively common phenomenon, also referred to as reciprocal shareholding, mutual shareholding or mutual equity participation. It refers to an economic phenomenon or organizational form in which two or more companies hold equity interests in each other for specific purposes, thus forming a status where each party acts as an investor of the other. For example, both Company A and Company B have independent legal person status. Company A holds 20% of the equity interests of Company B, while Company B holds 15% of the equity interests of Company A, which constitutes the most basic form of cross-shareholding. Another form is that Company A holds equity interests in Company B, Company B holds equity interests in Company C, and Company C in turn holds equity interests in Company A. All other forms of cross-shareholding are mostly extensions and variations of the two basic forms above.
