Recent Supreme Court Notice – Potential effect on the adoption of Close-out Netting in China

The Supreme Court issued a series of bankruptcy-related judicial rules recently in order to streamline and standardize bankruptcy proceedings in Mainland China. In particular, the Supreme Court’s Notice on Certain Issues regarding Registration and Acceptance of Bankruptcy Petitions, which became effective as of 1 August 2016, has the effect of facilitating the adoption of close-out netting under Mainland China law.

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