Tag: Bankruptcy

CHINA | Declaring Debtor’s Bankruptcy in Bankruptcy Liquidation Cases

In bankruptcy liquidation cases, the court has unclear provisions for declaring debtor bankruptcy. However, the Enterprise Bankruptcy Law prescribes clear legal conditions for the court to declare bankruptcy for reorganization and settlement cases. Simultaneously, the conditions for the declaration of debtor bankruptcy in the 'Minutes of the National Bankruptcy Trial Work Conference of the Supreme…

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CHINA | Futures and Derivatives Law

The Futures and Derivatives Law of the People's Republic of China was adopted by the National People's Congress on April 20th and is effective from August 1, 2022. The Futures and Derivatives Law is a historical development for the financial industry in China. Namely, it aligns future and derivative legislation with international netting practices and…

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