Publication Type

Journal Article

Publication Date

7-2016

Abstract

In 2006, China enacted its first rescue-oriented Enterprise Bankruptcy Law with the aim of establishing its corporate rescue culture. But the corporate reorganization procedure that is at the heart of the new bankruptcy law has not been used frequently. It is appropriate to ask why the use of China's new corporate rescue law has been so low. Meanwhile, in the existing corporate reorganizations under the 2006 Law, most debtors were excluded from the reorganization process, so that the Chinese new debtor-in-possession model, which seems to be a desirable control format, was largely shelved. Why so? This article explores these two issues through the use of empirical data collected from Zhejiang, a province with a significantly larger number of reorganizations than most other Chinese provinces.

Discipline

Asian Studies

Publication

Asian Journal of Comparative Law

Volume

11

Issue

1

First Page

55

Last Page

85

ISSN

1932-0205

Identifier

10.1017/asjcl.2016.3

Publisher

Cambridge University Press (CUP): HSS Journals - No Cambridge Open

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://doi.org./10.1002/smj.260410.1017/asjcl.2016.3

Included in

Asian Studies Commons

Share

COinS