English > Politics > Politics-Breakingnews>The Supreme Court Requires Differentiated Treatment of Cases
The Supreme Court Requires Differentiated Treatment of Cases
06-09 13:37 Caijing
Full article in Chinese: http://www.caijing.com.cn/2009-06-08/110179651.html
» China's Supreme Court, in an attempt to strike a balance between efficiently settling legal cases and maintaining corporate stability during the economic crisis, has introduced a new criterion into the implementation of corporate court decisions on June 7.
» The criterion distinguishes between two financial situations for enterprises: 1) when an enterprise is temporarily deprived of the ability to pay its debts due to the economic crisis and 2) when an enterprise intentionally circumvented or rejected the implementation of the court's decisions.
» Concerned with bankruptcy, unpaid salaries, and labor disputes brought about by the clearance of company assets, the Supreme Court has required corporations to establish a mechanism that would implement court decisions quickly.
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[ICP License: 090027] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号] 京公网安备110105005607号
Copyright by Caijing. All Rights Reserved