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The 2006 PRC Enterprise Bankruptcy Law: The Wait is Finally Over

Singapore Academy of Law Journal, Vol. 20, p. 275, 2008

41 Pages Posted: 4 Feb 2010 Last revised: 12 Feb 2010

Charles D. Booth

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa; University of Hawaii - William S. Richardson School of Law

Date Written: 2008

Abstract

The lengthy Chinese bankruptcy law reform process that began in 1994 ended on 26 August 2006, with the enactment of the PRC Enterprise Bankruptcy Law. This article discusses five controversial areas that were debated throughout the drafting process – the scope of the law, bankruptcy administration, corporate reorganisation, priorities and the protection of employee rights, and cross-border issues – and how they have been resolved in the new law. The article also discuses recent developments since the new law came into operation on 1 June 2007.

Suggested Citation

Booth, Charles D., The 2006 PRC Enterprise Bankruptcy Law: The Wait is Finally Over (2008). Singapore Academy of Law Journal, Vol. 20, p. 275, 2008. Available at SSRN: https://ssrn.com/abstract=1547464

Charles D. Booth (Contact Author)

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa ( email )

University of Hawai'i at Manoa
2515 Dole Street
Honolulu, HI 96822-2328
United States

University of Hawaii - William S. Richardson School of Law ( email )

2515 Dole Street
Honolulu, HI 96822-2350
United States

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