China Supreme Court clarifies the criteria for filing a bankruptcy case

On September 9, 2011, China Supreme Court issued its first judicial interpretation on China Bankruptcy Law clarifying under what conditions a China court should accept a bankruptcy case filed by related parties.

Article 2 of China Bankruptcy Law sets out the criteria for triggering bankcruptcy proceedings (inclusive of reorganization, composition…

Enterprise Bankruptcy Law of the People’s Republic of China

Enterprise Bankruptcy Law of the People’s Republic of China

  (Adopted at the 23rd Meeting of the Standing Committee of the Tenth National People’s Congress on August 27, 2006)

  

Chapter I  General Provisions

  Article 1 This Law is enacted with a view to regulating the procedure for enterprise bankruptcy, fairly settling…