A Global Guide
This chapter deals with the treatment of executory contracts under Chinese corporate insolvency law. After an introductory section dedicated to the procedures available under the law, the chapter analyses the treatment of these contracts in formal insolvency procedures. It concludes that, while reforms are driven by the need to promote the economic growth of the country, it is still necessary to address the existing loopholes in the law and practice, particularly with reference to the uncertainties related to the treatment of ipso facto clauses.
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