Sunday, August 27, 2006
The Standing Committee of the National People's Congress has just adopted two important (at least potentially so) pieces of legislation. Both are revisions of previously existing statutes.
- The Enterprise Bankruptcy Law (企业破产法), adopted Aug. 27, 2006, effective June 1, 2007 (Chinese text here)
- The Partnership Enterprise Law (合伙企业法), adopted Aug. 27, 2006, effective June 1, 2007 (Chinese text here)
I have not yet had time to read these and analyze the contents. While the delayed implementation date for something as sensitive as the Bankruptcy Law is understandable, it's hard to see why the implementation date of the Partnership Law is also so far off.