The contract violates a mandatory provision of any law or administrative regulation.
违反法律、行政法规的强制性规定。
Regulation is essentially a mandatory contract, and regulatory arbitrage is an inevitable result from the inherent characteristics of the regulatory contract.
监管本质上是一种强制性契约，监管套利正是在监管契约自身内在特点的基础上产生的一种必然结果。
The new regulation means that listed companies only to meet a mandatory cash dividend of conditions in order to gain eligibility for refinancing.
此项新规意味着上市公司只有满足了强制现金分红的条件，才可以获得再融资资格。
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