Wang Sicong’s restraining order and reconciliation

Wang Sicong, who has attracted much attention, has made new progress in the executed cases in Beijing.
On December 24, the second intermediate people’s Court of Beijing (hereinafter referred to as the second intermediate people’s Court of Beijing) announced that the case of Wang Sicong’s arbitration dispute had been settled in the second intermediate people’s Court of Beijing. The second intermediate people’s court will settle the case and successively lift the enforcement measures taken against Wang Sicong, the person subjected to execution
After active consultation between the two parties, Wang Sicong, a cultural development center of the party to be enforced, has fulfilled the first payment of RMB 50 million as agreed in the settlement agreement.
Settlement of execution case involving Wang Sicong
On December 24, according to the official wechat news of Beijing No.2 Middle School, the case of an equity investment fund partnership (limited partnership) applying for the implementation of a cultural development center and Wang Sicong arbitration dispute was settled in Beijing No , and successively rescind the enforcement measures taken against Wang Sicong.
Through active consultation between the two parties, the case has reached an implementation settlement agreement on December 2, 2019. Wang Sicong, a cultural development center of the person to be enforced, has fulfilled the first payment of RMB 50 million as agreed in the settlement agreement.
At present, the remaining payment period agreed in the settlement agreement has not yet expired; in the process of execution, the second intermediate people’s Court of Beijing took such enforcement measures as freezing account deposits, sealing up real estate, vehicles, restricting high consumption, etc., and the person subjected to execution declared property on time and actively negotiated with the person applying for execution; at the same time, the applicant failed to submit to the second intermediate people’s Court of Beijing The second intermediate people’s Court of Beijing did not take measures to restrict Wang Sicong’s exit from the country or include him in the list of dishonest Executees.