Handong Province High Court, Old Tang sat quietly in the plaintiff's representative position, listening to the other party's defense.
He wasn't surprised by the opponent's defense strategy, or, to put it another way, even if he were the opposing representative, the defense strategy would be more or less the same.
Why defend from the angle of "non-retroactivity of law"? Because under a normal defense, there is currently no chance of winning.
The new "Securities Law" and judicial interpretations, as well as the regulations issued by the Securities Regulatory Commission, are all protecting the interests of investors.
This means clearly that the previous methods won't work; those who dare to act that way should be prepared to lose money.
It can be said that no matter how the other side argues, Old Tang could produce enough evidence and regulations to counter them.
So the other party can only defend using the point of "non-retroactivity of law".
