Nominal shareholders sued to terminate shares held on behalf of others

Legal analysis: After the equity holding agreement is terminated, the dormant shareholder has the right to require the apparent shareholder to return the equity held on behalf of the shareholder. The return of the equity held on behalf of an apparent shareholder is similar to the free transfer of equity held on behalf of an anonymous shareholder. If the dormant shareholder is a third party outside the company, the prominent shareholder must notify other shareholders of the company in writing of the return and seek their consent.

Legal basis: "Civil Procedure Law of the People's Republic of China"

Article 17 Basic People's Courts have jurisdiction over first-instance civil cases, except as otherwise provided for in this Law except.

Article 18 The Intermediate People's Court has jurisdiction over the following first-instance civil cases:

(1) Major foreign-related cases (2) Cases with significant impact in the jurisdiction (3) Supreme Court The People's Court determines the cases to be under the jurisdiction of the Intermediate People's Court.

Article 119: A lawsuit must meet the following conditions:

(1) The plaintiff is a citizen, legal person or other organization that has a direct interest in the case (2) There is a clear The defendant (3) has specific litigation claims and facts, and the reason (4) falls within the scope of the People's Court to accept civil litigation and the jurisdiction of the People's Court subject to the lawsuit.