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  • July 22, 2014
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  1. Taizinai does not accept bankruptcy

    Posted Apr 16th 2010, 12:00am by Naomi Rovnick, Toh Han Shih

    ... Court of the Cayman Islands, take to get creditors repaid. 'Bank lenders usually want to sell businesses. Zhuzhou will be most concerned with saving local jobs,' said a bankruptcy ... court. Both the registry and the court are controlled by the city government,' the bankruptcy lawyer said. Hunan entrepreneur Li Tuchun founded Taizinai in 1996 and officially owns 61 per ...

  2. More bankruptcies on horizon with credit crunch yet to take hold

    Posted Oct 19th 2008, 12:00am by Staff Reporter

    ... into provisional liquidation. More are likely to follow. Bankruptcies and forced liquidations averaged 905 cases per month in the first three quarters of the year, data from the Official Receiver's ... Kong's most recent full recession lasted from July 2001 to March 2002. But the resulting spike in bankruptcies and liquidations did not start until February 2002 (see first chart). It peaked ...

  3. Hospital and school provident funds to book losses from Lehman Brothers bankruptcy

    Posted Oct 03rd 2008, 12:00am by Staff Reporter

    ... to the bankruptcy of US investment bank Lehman Brothers. Scheme administrators say the fund portfolio includes Lehman Brothers bonds, securities and derivatives but that they account for less than 1 per ... billion. It is not the only public sector provident fund in Hong Kong to have suffered losses from the US$639 billion bankruptcy of Lehman Brothers, the fourth-largest US investment bank and one ...

  4. HK bankruptcies cost Guangdong jobs

    Posted Oct 28th 2008, 12:00am by Wong Yat-Hei

    ... Wong Yat-hei The retail and real estate sectors are already feeling the pinch of the financial crisis, but increasingly manufacturing is also being affected, resulting in factory closures across the border. Over the past week, Hong Kong companies Chong Yi ...

  5. New bankruptcy legislation will aid continued reform

    Posted Jun 30th 2005, 12:00am by Kate Watson

    ... Reports by Kate Watson CHINA'S NEW DRAFT Bankruptcy Law, presented to the National People's Congress for deliberation last summer, is expected to come into effect before ... of a modern-day and effective credit system. 'The legislation aims to draw together the fragments of bankruptcy law that exist in China and to introduce a system of bankruptcy practice ...

  6. Decline in bankruptcy rate points to recovery

    Posted Aug 16th 2003, 12:00am by Kelvin Chan

    ... But analysts say more positive signs are needed to confirm a sustainable upturn Personal bankruptcies fell in July to their lowest level in 17 months, highlighting the gradual recovery of the economy from the Sars crisis. Last month, 1,521 people were granted bankruptcy - down by a quarter from the 2,014 people declared bankrupt in June, and the lowest number of cases since February ...

  7. Bankruptcy law poses challenges for creditors

    Posted May 17th 2005, 12:00am by Toh Han Shih

    ... Toh Han Shih Legal ambiguities and enforcement constraints will remain Creditors in mainland bankruptcy cases will still face legal ambiguities and enforcement constraints even after the passage of the country's new bankruptcy law, foreign lawyers say. The law, slated for passage as early as this year, outlines bankruptcy proceedings and is intended to replace vague ...

  8. Bankruptcy law moves closer to the mark

    Posted Oct 11th 2004, 12:00am by Staff Reporter

    ... Latest draft puts emphasis on corporate rescue, rather than closure, writes Bei Hu in the first of a two-part series Should reformers have their way, a new Chinese bankruptcy law could ... liquidation, the latest draft of the law promises a more transparent, streamlined process that gives greater say to creditors. China adopted its first skeleton rule on bankruptcy in 1986. At the time, ...

  9. Bankruptcy gains credibility

    Posted Oct 12th 2004, 12:00am by Staff Reporter

    ... Draft mainland law well received because it aligns practice more closely with international standards, writes Bei Hu The latest draft of China's new bankruptcy law has been well received by most observers, who say it brings the country closer to international norms while mandating more professional involvement in insolvency cases. Bankruptcy proceedings now are managed ...

  10. Legislator in Zhuhai bankruptcy row

    Posted Aug 28th 2003, 12:00am by Jane Moir

    ... Zhu Kuan Group liquidators threaten action to get its books after kuk leader fails to hand them over Hong Kong legislator Lau Wong-fat has become embroiled in the dispute between the Zhuhai government-owned Zhu Kuan Group and creditor banks owed $4.49 bil ...




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