Bankruptcy in the People's Republic of China

The Enterprise Bankruptcy Law of the People's Republic of China (trial Implementation) was first passed in 1986. On 1 June 2007, the new Enterprise Bankruptcy Law of the PRC came into force. It contains 136 articles, almost 100 more than the 1986 law it replaced, and consequently it is thought be more complete legally.

The Bankruptcy Code of PRC was adopted in 2006.8.27, and became effective since 2007.6.1

• Chapter 8 reorganization
• Chapter 9 Exemption
• Chapter 10 liquidation

The code only applies to the mainland of China. In Hong Kong and Macau, there are different laws.

External links

• China's New Bankruptcy Law
• The Enterprise Bankruptcy Law of the People's Republic of China (Trial Implementation) -- passed 2 December 1989, effective until 1 June 2007
• The Enterprise Bankruptcy Law of the People's Republic of China -- passed 27 August 2006, effective 1 June 2007
• The full text of the code (Mandarin) http://www.gov.cn/ziliao/flfg/2006-08/28/content_371296.htm