Restructuring and insolvency laws are adapting with more innovative approaches toward bankruptcy case management. here we look at developments and analysis from three major jurisdictions
Chinas bankruptcy law system moves toward maturity
It took 12 years to bring Chinas Enterprise Bankruptcy Law into existence, with it finally being enacted on 1 June 2007. On 16 April 2024, during the 23rd Chairmans Meeting of the Standing Committee of the 14th National Peoples Congress, the first revisions to the Enterprise Bankruptcy Law, agreed over a full six years, will be incorporated into the annual legislative work plan.
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