China's New Bankruptcy Law: A Legislative Innovation
October 02, 2006 | BY
clpstaff &clp articlesThe PRC Enterprise Bankruptcy Law modernizes the PRC corporate bankruptcy regime, applicable to both state-owned and domestic and foreign private companies.
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China's much anticipated PRC Enterprise Bankruptcy Law will come into effect on June 1 2007, 12 years after the draft was first tabled. The new law is a compromise, aiming to protect both creditors