Study Of Legal Issues Of Internationl Bankrupcy

With the growth of China's marketing economy, enterprices involving foreign investment and enterprices investing overseas are developing rapidly. Cases of bankruptcy involving foreign elements have be increasing obviously. It is of great theoretic and practical significance to make a research into the legal issues involved in these cases compared with internal bankruptcy, bankruptcy involing foreign elements are quite special, accordingly, special problems will inevitably emerge such as bankruptcy's legal influence abroad, understanding reached in the course of bankruptcy, special protection for creditors, etc. To keep up with the development of China's marketing economy, we are making a new bankruptcy law in which bankruptcy involving foreign elements will certainly be regulated. Based on the comparison analysis of several nations' theories and practices and full consideration of China's reality, the paper explores some legal issues of bankruptcy involving foreign elements, hoping to be helpful to deeper research into the legislation and proction in this field.