China and Hong Kong Worked Out: Changes, hopes and fears in China
Beijing's central business district under construction (Credit: istock.com/rocks3)
The past five years have seen a shift in Chinese restructuring practice with the concept of reorganisation increasingly being seen as a business tool, rather than an admission of failure. But practitioners say there’s still a way to go, pointing out that creditors’ rights need to be strengthened, and personal bankruptcy remains entirely uncatered for.
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