Thursday, January 18, 2018

China Redefines "Marital Joint Liability"

From South China Morning Post:

Chinese spouses will from Thursday no longer be held accountable for unreasonable debts racked up by their partners, after lawmakers redefined the concept of marital joint liability.

In a revision to Article 24 – a document that helps courts interpret the Marriage Law – the Supreme People’s Court said on Wednesday that debts will be considered shared liabilities only if both partners sign the original paperwork, or if a non-signatory later approves the borrowing.

The change does not apply to spending or borrowing considered reasonable in a marriage, such as payments made for shelter or food, the court said.

Read more here.

https://lawprofessors.typepad.com/family_law/2018/01/china-redefines-marital-joint-liability.html

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