A Comparative Study of the Corporate Bankruptcy Reorganization Law of the U.S. and China

Corporate rescue law is an important component of corporate law.This book contains a comparative study on the corporate bankruptcy reorganization law of the US and China with an aim of establishing an efficient reorganization system in China. The reorganization proceeding is to produce an efficient reorganizationplan, i.e. a set of reorganization decisions on how to deploy the debtor’s assets and how to distribute the total wealth. The author discusses whether the US and Chinese reorganization law contains a reorganization decision-making mechanism that constrains the participating parties to produce an efficient reorganization plan,the consummation of which realizes the goal of the reorganization plan. From the perspective of the reorganization decision-making mechanism, the book deals with the plan-drafting system,plan-passing system and reorganization-fostering system ofthe US and Chinese law. For the purpose of getting a deeper understanding of the law, the last chapter of this book provides a comparison of the reorganization practice of both countries andexplores the relationship between the law and the practice.This book provides useful information for legal researchers and practitioners.