The commercial law affecting chinese with special reference to partnership registration and bankruptcy laws in hongkong reprinted from the china mail. Ebook the commercial law affecting chinese with special reference to partnership registration and bankruptcy laws in hongkong reprinted from the china mail ebooks list of b 1873 jan topass. This book provides a comprehensive overview of the laws relating to trading with and investing in china as part of its open door policy china has introduced an enormous number of new laws governing commerce chinese commercial law gives readers a simple non technical description of chinese commercial laws discussing in particular how they affect foreign investment and foreigners in china. In china a partnership is not a legal person and the general partners take unlimited liability for the partnerships debts under article 92 of the partnership enterprise law where a partnership is unable to pay off its mature debts the creditors can apply to the court for bankruptcy liquidation or demand the general partners to make repayments where a partnership is declared bankrupt . It is difficult to determine the absolute equivalents between these partnerships and partnerships under common law tradition meaning and nature of company according to the companies act 1956 a company is a person artificial invisible intangible and existing only in the contemplation of the law
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