Mei Ri Jing Ji Xin Wen·2025-12-17 08:22Group 1 - China Ping An Life Insurance Co., Ltd. and Ping An Asset Management Co., Ltd. have filed a lawsuit against Huaxia Happiness Holdings Co., Ltd. and its chairman Wang Wenxue, with the case being heard in the Shanghai Financial Court. The case aims to confirm the validity of an arbitration agreement [1] - Huaxia Holdings requested a closed hearing due to concerns over commercial secrets and sensitive business information, leading to a suspension of the hearing by the court [1] - The court has requested both parties to provide written opinions regarding the jurisdictional objections raised by Huaxia Holdings, which claims that the case should be transferred to the Langfang Intermediate Court due to the confidentiality of related documents [1] Group 2 - The hearing process is not mandatory in litigation but is an important judicial activity that helps clarify disputes and ensures the parties' rights to be informed and participate [2] - According to the Enterprise Bankruptcy Law of the People's Republic of China, civil litigation or arbitration procedures that have started before bankruptcy acceptance should be suspended once a bankruptcy application is accepted [2] - Huaxia Happiness announced on November 16 that it received a notice from creditor Longcheng Construction Engineering Co., Ltd., which applied for the company's reorganization due to its inability to repay debts and lack of repayment capacity, while also indicating that the company has reorganization value [3]