Can I apply for property preservation of Lao Lai?

You can apply for property preservation of Lao Lai. If an interested party fails to apply for preservation immediately due to an emergency, which will cause irreparable damage to his legitimate rights and interests, he may apply to the people's court where the preserved property is located, where the respondent has his domicile or has jurisdiction to take preservation measures before bringing a lawsuit or applying for arbitration. After accepting the application, the people's court must make a ruling within 48 hours. Those ordered to take protective measures shall be executed immediately.

People's Republic of China (PRC) Civil Procedure Law

Article 103

If the judgment may be difficult to execute or cause other damage to one party due to one party's behavior or other reasons, the people's court may, upon the application of the other party, order the property to be preserved, order it to do certain acts or prohibit it from doing certain acts; If the parties do not apply, the people's court may also order the adoption of preservation measures when necessary.

When the people's court takes preservation measures, it may order the applicant to provide a guarantee. If the applicant is unable to provide a guarantee, the application shall be rejected.

After accepting the application, the people's court must make a ruling within 48 hours in case of emergency; Those ordered to take protective measures shall be executed immediately.