In this China business vlog, Nicolas Coster, a French business lawyer, talks about the nuances that businesses face when closing a company in China.
Jump to the questions:
00:27 What is a procedure for bankruptcy in China?
1:30 Are there any differences between bankruptcy for JV and WFOE?
1:50 How long does the bankruptcy procedure process last?
2:10 What are the risks for a limited company in a bankruptcy process?
2:48 What happens to employees when a company gets bankrupt?
3:11 What happens to investable assets such as trademarks when a company is going bankrupt? Can someone register them right after the bankruptcy?
3:30 Can the legal representative be considered responsible in a case of bankruptcy?
4:10 Is there a blacklist of the legal representatives of bankrupt companies?
4:37 You said, that there is a blacklist of investors. If the investor is the company itself, is the company itself blacklisted? Or rather, are the people responsible for the company blacklisted?
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Relevant interview: https://www.youtube.com/watch?v=JhUpnHRUkQo
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Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.