On August 11, 2017, the Dalian Intermediate People's Court approved the proposed bankruptcy restructuring plan of Dongbei Special Steel Group Co. Ltd., a state-owned enterprise ("SOE")...

The popularity of do-it-yourself ("DIY") legal documents has surged in recent years. While online services may be less expensive, the adage that "you get what you pay for" often holds true.

The Chinese Maritime Courts are not obliged to recognise and/or enforce foreign courts' orders, therefore Hanjin's creditors could still arrest Hanjin-related vessels in China...

2017年1月20日，最高人民法院发布了《关于执行案件移送破产审查若干问题的指导意见》的通知（法发[2017]2号，以下简称"《指导意见》"），

When a distressed company faces enforcement proceedings, creditors and debtors often find themselves at an impasse between immediate asset liquidation and uncertain bankruptcy restructuring. The J Company case demonstrates how out-of-court restructuring can provide a credible negotiation platform that preserves enterprise value while offering creditors better recovery prospects than a forced auction.

At a national "solvency regulation" working meeting convened by the China Insurance Regulatory Commission (CIRC) on 11 April 2017, CIRC Deputy Chairman Chen Wenhui highlighted four key risks currently faced by China's insurance sector.

2017年3月1日，最高人民法院出台《关于民事执行中财产调查若干问题的规定》、《关于修改〈最高人民法院关于公布失信被执行人名单信息的若ॱ

由新冠病毒肺炎引起的全球性疾病大流行...

This decision provides helpful guidance on the appropriate scope of powers to be sought in a recognition of liquidators by the High Court of Hong Kong. The powers sought should be no wider than those genuinely required.

The collapse of Hanjin Shipping Co Ltd, marked by its application for rehabilitation relief in South Korea at the end of August 2016, has given rise to a number of legal and commercial difficulties at an international level.

On 15 January 2008, the State Council has issued Decree 516 abolishing the Liquidation Regulations and stating as the reason for issuance of Decree 516 the promulgation of the PRC Company Law on 27 October 2005, which became effective on 1 January 2006.

The Futures and Derivatives Law of the People's Republic of China was adopted by the National People's Congress on April 20th and is effective from August 1, 2022.

To protect the legitimate rights and interests of both debtors and creditors in bankruptcy proceedings, if they disagree with any bankruptcy claim on the checklist of creditors' rights,...

Almost without exception, property developers plagued by bankruptcy prospects find themselves at the end of their ropes in terms of liquidity. Considering the day-and-night difference in the market value of a property, the costs of and...

According to the General Administration of Customs, China’s trade surplus in May 2006 reached $13 billion. It has been a continuous increase for a period of 25 months. The trade surplus has contributed to the rapid growth of China’s foreign exchange reserve that is now more than $900 billion, the largest in the world.

On May 14, 2021, the Secretary for Justice of Hong Kong and Vice-President of the Supreme People's Court (SPC) of China signed a record of meeting (the Record)

A new cooperation arrangement for mutual recognition of and assistance to cross-border corporate insolvency and debt restructuring proceedings has been established between Mainland China and Hong Kong (the Cooperation Arrangement).

A new era has been ushered in following the arrangement on the mutual recognition of, and assistance with, insolvency-related proceedings and restructurings between Hong Kong and mainland China.

Hainan PO Shipping was established by Hainan State-owned Assets Supervision and Administration Commission in 2009.

On 30 September 2022, the Ministry of Finance (MOF) and the State Taxation Administration (STA) issued the announcement No.31 of 2022, which provides for VAT, stamp duty, deed tax, real property tax...