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China's Bankruptcy Law Favors Small Creditors Over Large Ones
Aggregated Source: China Money Network
China's enterprise bankruptcy law operates on the underlying principal that social stability and harmony are a top priority. As a result, China's onshore bankruptcy and reorganization practice is biased towards the protection of employees and small, retail creditors, at the expense of large institutional creditors, including banks, says a new research report by Fitch Ratings. […]


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