New bankruptcy rules clarify burden of proof

    | BY

    Janice Qu

    Further definition on the legal causes of bankruptcy

    A new judicial interpretation from China's highest court is viewed by market participants as facilitating bankruptcy proceedings by creditors.

    The Supreme People's Court recently issued a new Interpretation on the PRC Enterprise Bankruptcy Law (中华人民共和国企业破产法), clarifying the factors on which a court may decide whether a company should go through bankruptcy proceedings. The Provisions on Several Issues Concerning the Application of the (1) (关于适用《中华人民共和国企业破产法》若干问题的规定（一）)(the Interpretation) took effect on September 26. China Law & Practice will feature a full text English translation of this new legislation in its next issue.

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