New Bankruptcy Law Puts Power in the Hands of Creditors

China's long-awaited bankruptcy law finally came into effect on June 1 2007. Secured creditors no longer take a back seat to a failing company's employees…

3 minute readJune 02, 2007 at 12:58 AM

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China's long-awaited bankruptcy law finally came into effect on June 1 2007. Secured creditors no longer take a back seat to a failing company's employees under the new PRC Enterprise Bankruptcy Law(中华人民共和国企业破产法). (See

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