Top court issues guidelines to speed up civil, bankruptcy hearings
China’s top court took new measures to help improve the business environment by further regulating hearing processes for civil and bankruptcy cases.
The Supreme People’s Court issued two guidelines on the creation of the business environment by rule of law on Thursday to effectively solve a rise of bankruptcy disputes and efficiently conclude civil cases.
Last year, courts nationwide filed 18,823 cases regarding enterprise bankruptcy and liquidation, up 97.3 percent year-on-year, of which 11,669 were concluded according to the top court’s statistics.
“The new guideline that further clarifies the process of handling such cases will help judges optimize resources in the market and ensure high-quality economic development,” said Liu Guixiang, a member of the top court’s judicial committee. “We hope to remove enterprises in heavy debt from the market by rule of law as quickly as we can”
News from: Supreme People’s Court of the People’s Republic of China. english.court.gov.cn