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China Company Law-Company Law of People’s Republic of China part 1: Commentary and analysis

Time:2014-03-13 Hit:221

China bankruptcy laws- the laws of the People's Republic of China on Enterprise Bankruptcy


The current laws governing bankruptcy including the following:

  1. The major law on enterprise bankruptcy is law of the Peoples Republic of China on Enterprise Bankruptcy (hereinafter referred to as Enterprise Bankruptcy Law), which was adopted at the 23 meeting of the Standing Committee of the Tenth National People's Congress of the PRC on 27 August 2006, and came into force on June 2007. Prior to the law of the Peoples's Republic of China on Enterprise Bankruptcy that was adopted in the year of 2006, there was a version of 1986 law of the People's Republic of China on Enterprise Bankruptcy – trial implementation governing the enterprise bankruptcy procedure.
  2. The Provisions of the Supreme People's Court on the Appointment of Administrators in Adjudicating Enterprise Bankruptcy Law, which was issued on 12th April 2007, and came into force from 1st June 2007, along with the Enterprise Bankruptcy Law.
  3. The Provisions of the Supreme People's Court on the Determination of Remuneration for Administrators in the Adjudication of Enterprise Bankruptcy Cases, which was issued on 12th April 2007, and being effective from the date of 1st June 2007,
  4. The Provisions of the Supreme People's Court on the Question of the Application of Law in relation to Bankruptcy Cases that have not Yet Been Concluded by the Time of the Implementation of the Enterprise Bankruptcy Law of PRC, which was issued on 25th April 2007, are to be effective from the 1st, June 2007 when the Enterprise Bankruptcy Law takes effect;
  5. The Provision on Certain Issues related to the Adjudication of Enterprise Bankruptcy Cases issued by the Supreme People's Court on 7th July 2002, which is issued before the Enterprise Bankruptcy Law.



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