Introduction to the Research -- The Legislative Goals of the Enterprise Bankruptcy Law of the PRC -- The Role of the Government in the 1986 and 2006 EBLs -- Administrative Goals and Means of Government Intervention -- Negative Impacts Exerted by Government Intervention on Bankruptcy Institutions -- Balancing the Roles of Different Institutions for the Future Reform of China's Bankruptcy Market -- Conclusion
Summary
"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"-- Provided by publisher
Notes
Based on the author's thesis (doctoral - University of Hong Kong, 2016) under title: Government intervention in reorganisation of listed companies in the context of socialist market economy of China
Bibliography
Includes bibliographical references and index
Notes
Online resource; title from digital title page (viewed on January 02, 2020)
