Bankruptcy in China
Bankruptcy in China

Recognizing Chinese Bankruptcy Proceedings in International Insolvencies: The Example of Sainty Marine Development Case

In the recognition and assistance procedures for cross-border bankruptcy cases, Chinese courts are attempting to provide guidance to the bankruptcy administrator to directly apply to foreign courts for recognition and assistance.

What Happens to My Debts When a Chinese Company Is Dissolved or Goes Bankrupt?

You can claim debt recovery from its shareholders. Normally, due to the very nature of companies (legal persons), it is very difficult for you to claim debt recovery from a Chinese company’s shareholders. Once the company is canceled, however, you will have opportunities to do so.