𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The corporate reorganization regime under China's new enterprise bankruptcy law

✍ Scribed by Lijie Qi

Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
218 KB
Volume
17
Category
Article
ISSN
1180-0518

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

This paper reviews the background of embarking on the bankruptcy law reform of China, and examines the newly introduced corporate reorganization regime under China's new Enterprise Bankruptcy Law 2006. As a patchwork of the US Chapter 11 and English Administration, China's new regime is a good law on paper with sound intention and perfect logic. But there are still many legal and institutional impediments to the new regime's utilization. For example there is a serious institutional incapacity among the judiciary, as the necessary training and organization of thousands of professionals has not started. Also of concern is the still‐unfinished process of updating and modification of related laws and accounting standards as well as their application and enforcement. Enacting a new bankruptcy law is only the first step. Copyright Β© 2008 John Wiley & Sons, Ltd.

πŸ“œ SIMILAR VOLUMES

Erratum: Enterprise bankruptcy law of th
Erratum: Enterprise bankruptcy law of the People's Republic of China
πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 24 KB πŸ‘ 1 views

## Abstract The article above (DOI:10.1002/iir.155) was published in __IIR__ 17:1 on pages 33–55. In the list of contents of that issue it was attributed in error to L. Qi. The correct attribution should have been to the translator of the document, Professor Li Shuguang. We apologise to Professor

China's new law on enterprise bankruptcy
China's new law on enterprise bankruptcy: a story with a happy end?
✍ Mike Falke πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 152 KB πŸ‘ 1 views

## Abstract The Chinese National People's Congress has recently promulgated a new law on enterprise bankruptcy, which will come into force in June 2007. For the first time, the law intends to cover generally both private and state‐owned enterprises (SOEs). The law does widely comply with accepted i

China's new Enterprise Bankruptcy Lawβ€”A
China's new Enterprise Bankruptcy Lawβ€”A great leap forward, but just how far?
✍ Emily Lee; Karen Ho πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 332 KB πŸ‘ 1 views

## Abstract The closure of many small and medium enterprises (SMEs) following the global financial crisis of 2008 spurred the Chinese government to follow its international counterparts in issuing an economic stimulus package. While it was effective in preventing many financially distressed SMEs fr