Tag: law

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 | Preferential Tax Policies Supporting Green Development 

The State Administration of Taxation recently issued the Guidelines for Tax and Fee Preferential Policies in Support of Green Development ('Guidelines'). The Guidelines aim to reduce the discharge of major pollutants and effectively control environmental risks by implementing preferential tax policies and promoting high-quality development. We highlight the main tax reductions and exemptions below. Contract Energy…

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