China has recently entered a significant stage in its economic transition with the introduction of a new and seemingly sophisticated bankruptcy law. However, it is likely to face significant operational challenges due to weaknesses in the country’s legal and social infrastructure. This volume clearly presents the new system and framework, serving a

Contents: Preface; Part I China's Bankruptcy Legal Framework: Introduction, Rebecca Parry and Haizheng Zhang; The conceptual structure of China's new corporate bankruptcy law, Roman Tomasic; Corporate governance, accounting procedures and prevention of insolvency, Qingxiu Bu. Part II Contents of the New Law: Bankruptcy petition and acceptance, Haizheng Zhang and Xiaohe Tan; Bankruptcy administrator: status, powers and duties, Jianhua Xiao; Administrator: appointment and remuneration, Rebecca Parry; Bankruptcy estate, Jianhua Xiao; Transaction avoidance, Rebecca Parry; Filing of claims, Bingkun Ye; Creditors' meeting and creditors' committee, Xin Ge; Corporate rescue, Haizheng Zhang; Composition, Xin Ge; Winding up proceedings, Weiwei Zheng; Improper trading in bankruptcy and director liabilities, Bin Wang. Part III State-Owned Enterprises and Financial Institutions: Bankruptcy of state-owned enterprises and planned bankruptcy, Haizheng Zhang; Bankruptcies of financial institutions, Yongqian Xu and Weiwei Zheng; Part IV Cross Border Insolvencies: Cross border insolvency, Jingxia Shi. Part 5 Conclusion: Conclusion, Rebecca Parry and Haizheng Zhang; Index.

'A timely volume considering China's development and its emerging market economy with a helpful exposition and analysis of the law in one place, for easy reference. The work contains substantial references to other sources which facilitates further reading and research and provides a thorough treatment of theoretical, substantive and procedural issues with useful introductory material.' Andrew Keay, University of Leeds, UK 'A methodical exposition of the modern law of Chinese insolvency, this text brings together expertise from academia and practice in order to provide a conceptual basis for the workings of the modern law as well as an incredibly detailed analysis of its provisions with additional information about the participants in the insolvency process.' Paul Omar, University of Sussex, UK 'The aim of China's New Enterprise Bankruptcy Law is to provide a comprehensive overview of this important new piece of legislation. ... To a large extent the authors have achieved this aim, with contributors that include legal scholars, practitioners, an accountant and a judge.' Australian Journal of Asian Law