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- W2602533468 abstract "In the past decade national law making for regulating commerce has been driven by globalization and the transplantation of foreign laws. The new Chinese Enterprise Bankruptcy Law enacted in 2006 was modeled closely on the U.S. Bankruptcy Code, especially chapter 11, which puts the bargaining game at the center of corporate reorganization. Legal scholarship has not yet comprehensively explored how business law transplants from a market economy like that of the United States to a socialistic market economy like that of China. This article provides an in-depth comparison of the reorganization bargaining regimes of bankruptcy law in the United States and China, focusing on the socio-legal context in which these regimes operate. The comparison shows how the bargaining game at the core of chapter 11 suffers from obstructed efficiency when transplanted to a Chinese context, an obstruction caused by historical, political, economic, and social factors." @default.
- W2602533468 created "2017-04-07" @default.
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- W2602533468 date "2016-12-25" @default.
- W2602533468 modified "2023-09-23" @default.
- W2602533468 title "The U.S. Reorganization Regime in the Chinese Mirror: Legal Transplantation and Obstructed Efficiency" @default.
- W2602533468 hasPublicationYear "2016" @default.
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