Government Intervention in the Reorganisation of Listed Companies in China
Publisher: University of Cambridge ESOL Examinations
Published: 2020
Language: eng
Number of pages: 300
ISBN-13: 9781108496650
Subjects: Law, china, 1949-
Description: "The 2006 EBL is highly praised for its modernisation and its reference to the experience of the United States (US). Three examples help to explain this. A statutory corporate reorganisation regime has been introduced; the role of the people's court has been changed from simply that of a 'procedural declarer' of the bankruptcy of SOEs controlled by the government under the 1986 EBL to that of an actual controller of bankruptcy proceedings under the 2006 EBL, and a market-based administrator mechanism has been established, replacing the liquidation group, which consisted of government officials only"--