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…
The Tentative Measures stipulates requirements for engaging in entrusted overseas financial management business, the limit of foreign exchange payments for investments and fund management, risk management and transparency of business.
This law strengthens the administration of commercial franchising activities, regulates the order of the franchising market, and provides requisite application procedures.