What is the legal responsibility of Beijing Mantanghong Investment Management Center (Limited Partnership), that is, Mantanghong Private Equity Fund?
According to the People's Republic of China (PRC) Partnership Enterprise Law and other laws and regulations, the legal responsibility of Beijing Mantanghong Investment Management Center (Limited Partnership), that is, Mantanghong Private Equity Fund, is that ordinary partnership investors bear unlimited legal responsibility for the fund and limited partnership investors! In other words, once the fund suffers heavy losses, or causes economic losses beyond the agreement to the limited partners, or has serious illegal business practices, its general partner investors shall bear unlimited legal responsibilities! The so-called unlimited legal liability means that after the general partner is unable to bear the loss compensation, his children will continue to bear the loss compensation, and after the children are unable to bear the loss compensation, their grandchildren will continue to bear the loss compensation until the compensation is completed! Unlimited legal liability also includes criminal legal liability!