The importance of debt-for-equity swaps has come to the fore once again when a lethal combination of a lack of liquidity and a lack of new bank finance and capital injection on a perceived deterioration in covenant strength, associated with the vagaries of the most recent global economic crisis...

This article reviews China's land tenure system, which is featured with differential treatment of rural and urban citizens with respect to three types of land tenure: urban land tenure, arable land tenure and rural residential land tenure. With the urban residents fully participated in the...

This book offers a detailed account of how the Chinese real estate market actually operates in practice, from both legal and business perspectives. My goals are twofold. First, I seek to establish and describe how the Chinese real estate market, with so few written laws, actually functions. How...

Drawing upon data interviews with Chinese judges who were involved in the decision-making process, we develop two variables for analyzing the influence of social ties, or guanxi, in the judicial setting. The first differentiates the strength of guanxi – whether it is strong or weak. The second...

After its quot;revitalisationquot; after the Cultural Revolution, China's people's mediation system declined throughout the 1990s. However, a quot;second revitalisationquot; that began in 2002 has quite successfully reversed this trend. This article discusses this reform effort in four parts....

The promise and challenges of Chinese law, economy, and foreign relations is nicely framed within the Chinese Constitution. From the time of the leadership of Deng Xiao-Ping, China has invested tremendous resources on the modernization of all sectors of its society while attempting to remain...

The recent institutional reforms in China provide new settings to explore various important topics in finance. Three major reforms are namely the Anti-Corruption Campaign, Mass Entrepreneurship and Innovation and the Belt and Road initiative (also known as the land and maritime Silk Road...

Since China's Tax-Sharing System Reform in 1994, the so-called “Chinese-Style Fiscal Federalism” has been formed, and the issues of conditional grants and unfunded mandates have become essential elements in China's central-subnational governments' relation. The defects of legislations in...

China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this dramatic period, but few have attempted to provide a coherent, in-depth, politicaleconomic framework that explains the fundamental mechanisms behind China’s rapid...

Law-lauding ideology and rhetoric has been increasingly evident in China since the end of the Cultural Revolution. In conjunction with decades of rapid and prolific legal institution-building, this has provided rich data for scholarship on the trajectory of China's legal system, and the nature...