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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Legal framework between China and HK SAR courts establishes mutual recognition and assistance in filling for cross-border bankruptcy. On 14th May 2021, the Secretary for Justice of Hong Kong and the Vice-President of the Supreme People's Court (SPC) of China signed a record meeting on the mutual recognition of and assistancein filing for cross-border…
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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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