Laying down the bankruptcy law

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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

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.

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