Research On P2P Dispute Resolution Path

With the continuous development of the Internet information technology and financial innovation,P2P(Peer to Peer Lending)with the characteristics of“decentralized” and “directly ”,effectively overcome the difficulties,such as costly,small geographical scope and poor information which are faced by the traditional lending industry.Since the first P2P company established in 2007,this newly industry soon became the first army in the field of Internet financial innovation,by providing comprehensive,efficiency and convenience lending service especially for individual and SMEs.But due to the lag of the legal system,the lack of government regulation and industry self-discipline blur,large-scale P2P Lending crisis repeated in 2015,2018 and 2019.Society begin to treat P2P as the sign of Internet-crime which mainly formed of illegal fund-raising and illegal absorbing public deposits.In 2019,the“Three lowering”policy and the main tone “give priority to repel” worse this well known industry's situation.With the broken window effects,after13-years-development,P2P industry decay rapidly.Meanwhile the disputes in P2P relief,such as poor non-litigation mechanism,high cost of judicial settlement mechanism,difficulty in proving evidence,long time in litigation,extremely harmful to the protection of the P2P lenders.Due to the poor relief in P2P industry,whether through litigation way or no-litigation way,the rights and interests of P2P lenders cannot be guaranteed effectively.In practice,secondary damage repetitive caused by irrational and excessive rights protection.In this paper,from the perspective of protecting the rights and interests of the P2P lenders,the author puts high light on the definition of the P2P lenders.By systemic analysis of the P2P lending industry's development model,development cycle and the current P2P lenders relief,this paper proposes an institution lead class action path to make the P2P lenders protection effectively and promote the long-term development of Internet innovation industry.