State Administration for Industry and
Commerce Promulgated the
Administrative Measures for the
Debt-for-equity Swaps Registration of
Companies
Measures for the Administration of the
Registration of Debt-for-equity Swaps of
Companies has come into force on...
More
State Administration for Industry and
Commerce Promulgated the
Administrative Measures for the
Debt-for-equity Swaps Registration of
Companies
Measures for the Administration of the
Registration of Debt-for-equity Swaps of
Companies has come into force on
January 1, 2012, and clarified the scope of
applicability and administrative
requirements of debt-for-equity swaps.
The scope of applicability: a lawful and
qualified claim between a creditor and a
company, where the creditor has
performed contractual obligations
corresponding to a contract during the
company’s operations; a claim effectively
affirmed and ruled by a People’s Court; a
claim listed in the restructuring plan
approved by or a settlement agreement
ruled and acknowledged by a People’s
Court during a company’s bankruptcy
reorganization or bankruptcy conciliation.
Administrative requirements: debts held
by more than two creditors and have been
divided; aggregate amounts of
debt-for-equity swaps and other non-cash
capital co
Less
