Laying down the bankruptcy law

December 06, 2011 | BY

clpstaff &clp articles

The implementation of China's bankruptcy law has been mired by the inconsistent standards and interpretations of various courts. A new set of measures offers more guidance and clarity, especially in pinpointing bankruptcy causes and who assumes the burden of proof

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The Provisions on Several Issues Concerning the Application of the «PRC Enterprise Bankruptcy Law» (1) (关于适用《中华人民共和国企业破产法》若干问题的规定(一)) (EBL Interpretation) has been in effect since September 26 2011.