Enterprise Bankruptcy Law of the People's Republic of China

Enterprise Bankruptcy Law of the People's Republic of China

Order of the President of the People's Republic of China [2006] No. 54

August 27, 2006

The Enterprise Bankruptcy Law of the People's Republic of China which was adopted at the 23rd Session of the Standing Committee of the 10th National People's Congress on August 27, 2006 is hereby promulgated and becomes effective as of June 1, 2007.

Hu Jintao, President of the People's Republic of China

Appendix: Enterprise Bankruptcy Law of the People's Republic of China

(Adopted at the 23rd Session of the Standing Committee of the 10th National People's Congress on August 27, 2006)

Contents
Chapter I General Provisions
Chapter II Application and Acceptance
Section 1 Application
Section 2 Acceptance
Chapter III Administrator
Chapter IV Debtor's Property
Chapter V Expenses for Bankruptcy Proceedings and Debts of Common Benefits
Chapter VI Declaration of Credits
Chapter VII Creditors' Meeting
Section 1 General Provisions
Section 2 Creditors' Committee
Chapter VIII Reorganization
Section 1 Application for and Period of Reorganization
Section 2 Preparation and Approval of Reorganization Plan
Section 3 Execution of Reorganization Plan
Chapter IX Composition
Chapter X Bankruptcy Liquidation
Section 1 Declaration of Bankruptcy
Section 2 Appraisal and Distribution
Section 3 Termination of Bankruptcy Proceedings
Chapter XI Legal Liability
Chapter XII Supplementary Provisions

Chapter I General Provisions


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