China's corporate insolvency law regime was in a state of transition for a relatively long period of time, with the major, but temporary, body of legislation dealing specifically with enterprise bankruptcy having been passed in 1986 . The inadequacy of China's existing insolvency law become...

China's insolvency regime has been in a state of transition for a relatively long period of time, although a new Bankruptcy Law was finally to be passed in 2005. The draft of the Bankruptcy Law of the People's Republic of China (herein after referred to as “Draft Bankruptcy Law”, went to the...