The People’s Republic of China recently launched two initiatives that are related to enterprise bankruptcies. On 1 August 2016, the Supreme People’s Court (SPC) launched the Information Website for National Bankrupt Enterprises Recombinational Cases.
The website will be used as a centralised information system through which information and actions relating to enterprise bankruptcy proceedings will be published and undertaken.
On 27 September 2016, Beijing established the first specialised bankruptcy court in China, under its No. 1 Intermediate People’s Court, Shanghai, in Tianjin and Chongqing. Eleven other provinces are also expected to set up specialised bankruptcy courts under their respective intermediate people’s courts later this year.
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Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mailing Danian Zhang (Shanghai) at: danian.zhang@bakermckenzie.com
