PANews reported on August 17 that according to The Paper, the Changsha Intermediate People's Court of Hunan Province released a typical case of environmental resource trial involving virtual currency "mining".
It is reported that the plaintiff Luo and the defendant Hunan company signed three "Server Equipment and Software System Purchasing Service Contracts" on May 7, May 8, and May 18, 2021, respectively. The contract stipulates that the defendant company will provide Luo with 5 servers, with a total purchase price of 1.65 million yuan; the defendant company promised that the "mining" income will not be lower than the average level of the entire network. If fines are caused due to technical problems, the company will bear the corresponding losses. After the contract was signed, Luo paid 1.65 million yuan in installments to Fan, the actual owner of the defendant Hunan company, as required by the contract. Later, Fan and his company never delivered server equipment and software systems to Luo, nor did they obtain any investment returns promised by Fan and his company. Luo sued the court to terminate the contract and compensate for losses.
The Tianxin District Court of Changsha City determined that the contract signed by the plaintiff and the defendant was invalid because it violated public order and good morals. The defendant company spent 60,000 yuan to rent a cabinet from a third-party company. Considering that both parties were at fault for the invalidity of the contract in question, the loss should be borne by each party for 30,000 yuan. The defendant Hunan Company had received 1.65 million yuan from the plaintiff and should return 1.62 million yuan to the plaintiff; the defendant Fan was jointly and severally liable for the payment obligations undertaken by the Hunan Company under his name; and Luo's other claims were rejected.
