https://legal.excellentwiki.com/china/insolvency-law/ Recent content in insolvency and bankruptcy law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/china/insolvency-law/chinese-insolvency-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/china/insolvency-law/chinese-insolvency-law/ <h2 id="overview-of-chinese-insolvency-law">Overview of Chinese Insolvency Law</h2> <p>The <strong>Enterprise Bankruptcy Law of the People&rsquo;s Republic of China</strong> (the EBL) was adopted on 27 August 2006 and took effect on 1 June 2007, replacing the experimental Bankruptcy Law of 1986 (which applied only to state-owned enterprises). The EBL applies to all <strong>legal persons</strong> — including companies limited by shares, limited liability companies, and state-owned enterprises (SOEs) — but does not extend to individuals (natural persons) or to partnerships and sole proprietorships, which are subject to separate liquidation procedures. The EBL is supplemented by a series of <strong>judicial interpretations</strong> issued by the <strong>Supreme People&rsquo;s Court</strong> (SPC), which provide detailed procedural guidance and have been essential in shaping the law&rsquo;s practical application.</p>