
Thu, 15 Sep 2022 China Law in One Minute Meng Yu 余萌
The following parties may apply for bankruptcy of the debtor: the debtor itself, creditors, liquidation obligors, relevant governmental authorities and employee creditors.
China Law in One Minute presents one-minute insight into an aspect of Chinese law and Chinese society.
In China Law in One Minute, a column of China Justice Observer, we will enrich the content of this column at a rate of 1,000 new posts every year, so as to cover all aspects of Chinese law and society.
Thu, 15 Sep 2022 China Law in One Minute Meng Yu 余萌
The following parties may apply for bankruptcy of the debtor: the debtor itself, creditors, liquidation obligors, relevant governmental authorities and employee creditors.
Thu, 15 Sep 2022 China Law in One Minute Meng Yu 余萌
A Chinese company has only one legal Chinese name. But they also use an English name, determined by their own, in international trade.
Mon, 12 Sep 2022 China Legal Trends Meng Yu 余萌
Enterprises can all go bankrupt. In a few places, like Shenzhen, natural persons can go bankrupt. Chinese central and local governments and public institutions cannot go bankrupt. In addition, law firms cannot go bankrupt, either.
Mon, 12 Sep 2022 China Legal Trends Meng Yu 余萌
In China, court fees and attorney fees depend on the amount of your claim. But some fees are fixed, namely the cost of notarization and authentication of some documents in your country.
Mon, 12 Sep 2022 China Law in One Minute Meng Yu 余萌
This allows you to identify exactly which Chinese company you are dealing with.
Fri, 02 Sep 2022 China Law in One Minute Meng Yu 余萌
No. Instead, China adopts a first-to-file trademark system.
Fri, 02 Sep 2022 China Law in One Minute Meng Yu 余萌
A Chinese enterprise may go bankrupt if both of the following conditions are met: first, it fails to pay its debts as they fall due; and second, its assets are inadequate to pay off all debts or it is clearly insolvent.
Thu, 01 Sep 2022 China Law in One Minute Meng Yu 余萌
If there is a default on the bonds whose debtors or guarantors are based in mainland China, you can initiate an action before a court outside China and enforce the judgment in China.
Thu, 25 Aug 2022 China Law in One Minute Meng Yu 余萌
It is intended to prevent the company’s shareholders from escaping liabilities by hiding under the corporate veil of limited liability.
Thu, 25 Aug 2022 China Law in One Minute Meng Yu 余萌
The party presenting evidence shall pay the translation fee first, and then the losing party shall bear it.