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China Insight - Corporate

SAIC promulgated the Administrative Measures for Registration of Debt-for-Equity Swaps

01/12/2011

On November 23, 2011, the State Administration for Industry and Commerce (the “SAIC”) promulgated the Administrative Measures for Registration of Debt-for-Equity Swaps (“Debt-for-Equity Swaps Measures”). The Debt-for-Equity Swaps Measures will become effective on January 1, 2012 and allow a creditor to convert its creditor’s right against a limited liability company or a company limited by shares incorporated in the PRC into equity interests of the concerned company. As a result, the registered capital of such company will be increased.

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Source
China Insight - Corporate
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Authors

Picture of Ulrike Glueck
Dr. Ulrike Glueck
Managing Partner
Shanghai
Kevin Wang
Kevin Wang, LL.M.