In C#, List<T> and List<U> follows the same assignment rules as T and U, and at runtime are represented by distinct types. That means that going from List<T> to object to List<U> causes a runtime error at the point of casting.
In Java, every generic type is erased to object at runtime, so the runtime type is just List, and you could cast List<T> to object to List<U> and only get an error later, when you try calling U methods on the contents of the list.
(Yes in C# List is a concrete vector type and in Java it is a random-access collection interface, but that is not relevant here)