LeTV has been asked by celebrities such as Sun Honglei to limit high consumption. What will be the impact on companies being restricted?

It not only affects the loan development of enterprises, but also causes inconvenience to employees’ travel and consumption.

LeTV was applied by Sun Honglei to restrict high consumption because it failed to fulfill its payment obligations determined by effective legal documents within the period specified in the execution notice. According to the Beijing Second Intermediate People’s Court’s information inquiry system for persons subject to execution, LeTV has been subject to 10 applications for consumption restriction orders.

What harm does the height limit do to enterprises? Article 10 of the "Several Provisions of the Supreme People's Court on Restricting High Consumption and Related Consumption of Persons Subject to Execution" clearly states that enterprises are the parties subject to enforcement cases, and during the execution process need to perform their obligations in accordance with the relevant provisions of the "Nine Provisions". This is because: companies have fulfilled some of their obligations specified in effective legal documents, but because some companies have not fulfilled their obligations stipulated in legal documents and have been included in the list of dishonest persons subject to enforcement, these companies will be restricted in accordance with the law and will not be able to operate or operate the company in the future. Project construction, financing and related market access will all be affected.

Affect on credit report

If a company is restricted from spending, it is very likely that the company will have its credit report blacklisted. After all, if a company is listed as a dishonest person subject to enforcement, the company will not be able to purchase air tickets, high-speed rail tickets, etc., and its credit rating will be reduced, which will affect the company's bank loans and other financing. Therefore, for enterprises, it is best to understand their own operating conditions before starting a business. If you don’t know much about your business situation, you can also consult a lawyer to find out which areas fall within the scope of the restricted list to avoid being included in the blacklist of dishonest persons subject to enforcement.

Restrictions on work and life habits

Enterprises are restricted in their work and life, which has a great impact on employees’ work. The main impact on employees’ lives is restrictions on watching movies, watching performances, and traveling. , high consumption, etc. When travel is restricted, companies must contact the court in advance, inform them that their business is currently in poor operating conditions, and apply to the court to lift restrictions on their use of transportation. This will cause the financing and development of enterprises to be seriously affected.