China has recently entered a significant stage in its economic transition with the promulgation of a new bankruptcy law. The new law introduces a uniform and seemingly sophisticated regime, drawing inspiration from mature insolvency systems. However significant challenges are likely to be faced in the implementation of the new law, due to weaknesses in the legal and social infrastructure. This book presents a clear picture of the newly reformed Chinese bankruptcy legal structure.
Written by Chinese experts with a professional interest and specialist knowledge of insolvency law, the volume systematically and comprehensively introduces the Chinese bankruptcy legal framework, including theoretical, substantive and procedural issues. In addition, it analyses typical cases which have been or are being heard since the new bankruptcy law was implemented.
The study provides an invaluable resource for academics and researchers with an interest in insolvency law, and Chinese business law. As a number of authors were directly involved in drafting and implementing the new legislation, the work will also serve as a useful guide for practitioners and professionals with interests in China.
