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September 18, 2025International Insolvency Review

Dispelling and returning: The deconstruction and remodelling of China's pre‐reorganisation system

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Authors

SYSong Yu-xiaHCHan ChenMSMiao‐Kun Sun

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Overview

Analysis reveals the judicial practice in China's corporate rescue mechanism, suggesting necessary reforms.

Key Points

  • Inevitably, government and court dominance in pre-reorganisation leads to inefficiencies and delays.
  • Initiation procedures in the pre-reorganisation system deviate from its original design, causing misalignments.
  • Proposed reforms include redefining powers and establishing a tripartite interaction model to enhance effectiveness.
  • The research aims to construct a balanced, efficient mechanism for smoother corporate rescue and exit processes.

Cite This Study

Yu-xia et al. (2025) studied this question.

synapsesocial.com/papers/68d463db31b076d99fa62d16https://doi.org/10.1002/iir.70017
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