Xi Xiaoming, the deputy president of China’s Supreme People’s Court, said that the Supreme People’s Court has formally launched efforts to formulate judicial interpretations on the Enterprise Bankruptcy Law. The Court will conduct further research on several important legal issues arising from the new circumstances and problems which the courts have encountered since the introduction of the Enterprise Bankruptcy Law on 1 June 2007.

Jia Zhijie, head of the drafting committee of the Enterprise Bankruptcy Law, also admitted that various problems have arisen in the implementation of the Enterprise Bankruptcy Law.

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