China passes new bankruptcy law

The National People's Congress Standing Committee passed the PRC Enterprise Bankruptcy Law(中华人民共和国企业破产法), after 12 years of drafting…

1 minute readSeptember 02, 2006 at 12:58 AM

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The National People's Congress Standing Committee passed the PRC Enterprise Bankruptcy Law(中华人民共和国企业破产法), after 12 years of drafting and deliberation, on 27 August 2006. The new law, effective on June 1 2007,

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