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Recession Testing China's Business Laws

Filed in archive Law on April 4, 2009

BusinessWeek had a piece this week on how China's business laws are coping with business failures as the recession progresses. In the case of very large companies, China's bankruptcy laws are having some impact and preventing complete chaos from taking hold.

With smaller businesses the story's a little different. Doors close and owners just seem to disappear into the night. The mob takes over for a while. The the police come run the mob off. At least that's what BusinessWeek is saying...



Recession Testing China's Business Laws
© gruntzooki




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Tags: china  law  bankruptcy    business  china+business  business+laws  testing+china 

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