diff --git a/test/issues/#196.entity_in_code_block_in_nested_list.html b/test/issues/#196.entity_in_code_block_in_nested_list.html
new file mode 100644
index 0000000..e7bce55
--- /dev/null
+++ b/test/issues/#196.entity_in_code_block_in_nested_list.html
@@ -0,0 +1,19 @@
+<ul>
+<li>&amp;></li>
+
+<li><code>&amp;&gt;</code>
+
+
+<ul>
+<li>&amp;></li>
+
+<li><code>&amp;&gt;</code>
+
+
+<ul>
+<li>&amp;></li>
+
+<li><code>&amp;&gt;</code></li></ul>
+</li></ul>
+</li>
+</ul>
diff --git a/test/issues/#196.entity_in_code_block_in_nested_list.md b/test/issues/#196.entity_in_code_block_in_nested_list.md
new file mode 100644
index 0000000..d85eb25
--- /dev/null
+++ b/test/issues/#196.entity_in_code_block_in_nested_list.md
@@ -0,0 +1,6 @@
+- &amp;>
+- `&amp;>`
+    - &amp;>
+    - `&amp;>`
+        - &amp;>
+        - `&amp;>`