w88 casino News Network (provided by the Law w88 casino)On November 6, the 212th Economic and w88 Law Workshop was held in Conference Room 724 of Ningyuan Building. The speaker of this workshop is Professor Zhang Qinyu, deputy director of the Bankruptcy Law and Corporate Reorganization Research Center of China University of Political Science and Law. The theme revolves around the cutting-edge issues of bankruptcy law revision. Chen Xiaotong, associate professor of w88 casino's law w88 casino, Xue Yisa, assistant professor of w88 casino's law w88 casino, Fan Jiahui, lecturer of the law w88 casino of Central University of Finance and Economics, Wu Youran, postdoctoral fellow of w88 casino's law w88 casino, and Han Yue, postdoctoral fellow of w88 casino's law w88 casino, served as panellists. This workshop was hosted by Lou Qiuran, assistant dean and associate professor of w88 casino's law w88 casino, and many teachers and students participated in the workshop.

This workshop focused on cutting-edge issues in the revision of corporate bankruptcy laws, and deeply discussed market exit mechanisms, bankruptcy protection systems, regulations for different enterprise types, improvement of reorganization procedures, personal bankruptcy and out-of-court settlement, risk prevention, and cross-border bankruptcy.

Zhang Qinyu gave a lecture focusing on the practical needs of amending the enterprise bankruptcy law, such as improving the market economic system, improving bankruptcy efficiency, optimizing the business environment, preventing financial risks, and promoting opening up to the outside world. He clarified the classification of in-court and out-of-court market exits, clarified the applicable boundaries of company law and bankruptcy law, and pointed out that the current market exit mechanism has problems such as complex procedures, difficulty in cleaning up zombie companies, and poor connection between the operation and exit stages.

Teacher Zhang explained in detail the core innovations of the revised draft, which include adding a new bankruptcy protection fund and a public administrator system to solve the problem of "no property can be bankrupted"; setting up special procedures for bankruptcy of small and micro enterprises, simplifying the process with single-person trials, default DIP mode, etc.; adding special provisions for state-owned enterprises to prevent the loss of assets, optimizing reorganization procedures, and clarifying rules such as reorganization value review, investors' rights and obligations, etc. In addition, Teacher Zhang also introduced the out-of-court settlement and pre-reorganization mechanism, mentioned key points such as risk warning, directors’ obligations to apply for bankruptcy, the connection with the bankruptcy of financial institutions, and cross-border bankruptcy judicial cooperation, and sorted out the connection logic between bankruptcy law and multi-sector law.

In the discussion session, Chen Xiaotong related to the issue of "difficulty in enforcement" in the Enforcement Law, reflected on the necessity and operational feasibility of the establishment of bankruptcy protection funds, and affirmed the systematic and systematic value shared by Teacher Zhang. Xue Yisa appreciated the comprehensiveness and professionalism of Teacher Zhang's lectures, and raised issues including the connection between defaulted debt transactions and bankruptcy procedures, malicious bankruptcy penalties, foreign enterprise bankruptcy fund support and the order of repayment. She also expressed her views; Fan Jiahui pointed out the disputes over the revocation rights rules in the revised draft from the perspective of the intersection of guarantee law and bankruptcy law, such as the lack of malicious intent of the counterparty in paid fraud, the inconsistency between the biased guarantee and the repayment revocation period, etc., and suggested improving the relevant rules; Wu Youran combined the company law research background, paid attention to the obligations of directors during the period of bankruptcy, and suggested drawing on the British and American systems to refine this obligation; Han Yue mentioned the special chapter on the bankruptcy of small and micro enterprises, DIP The inspiration brought by the model exchanged subsequent research interests.(Written by: Bekzati Wunir, Reviewed by: Li Huanhuan)