Corporate Bankruptcy Law in China: Principles, Limitations and Options for Reform

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Description

This fascinating study uses qualitative and quantitative data and insights from interviews with judges, lawyers, government officials, entrepreneurs, bankers, consultants, and academics in China and abroad, to provide a new perspective on the problems that have hindered the implementation of the Enterprise Bankruptcy Law in China, and recent attempts at reform. The analysis provides unique insights into Chinas business world and its interaction with the judicial and political system in China. In addition, the book also provides important information about how the Enterprise Bankruptcy Law affects foreign companies, agencies and governments that are active in China. The author draws on empirical data, decided cases and her experience of how the law and surrounding practices deal with foreign stakeholders whose interests are affected by corporate bankruptcy in China. The book will improve understanding of how Chinas corporate bankruptcy law has been used in practice, what has limited its practical effectiveness, whether it is desirable for the law to be used more readily in China, and the possible options for its reform.

Reviews

This is an excellent book comprehensively examining the Chinese corporate bankruptcy law and investigating not only the law on the books but also the law in action. The most valuable contribution of this book is that many arguments rely on the firsthand data, both quantitative and qualitative, meticulously collected from official sources and fieldwork interviews. This evidence-based approach, deployed throughout the book, makes the analysis considerably insightful. -- Zinian Zhang * The China Quarterly *

Author Bio

Natalie Mrockova is Researcher and Lecturer at Merton College and Law and Finance Associate at the China Centre, University of Oxford.