问题 问答题

In relation to the Enterprise Bankruptcy Law of China:

(c) state the various powers of a liquidation administrator if an enterprise is pursuing a rectifi cation plan. (5 marks)

答案

参考答案:

 In accordance with Article HI, Article I0 and IA of the Enterprises Bankruptcy Law, a liquidation administrator shall have following powers during the process of the implementation of a rectifi cation plan: (i) The liquidation administrator shall transfer the assets and business operation he has taken over to the debtor upon the approval of the rectifi cation plan by the court; (ii) The liquidation administrator shall supervise the implementation of the rectifi cation plan within the terms of supervision; (iii) The liquidation administrator shall submit a supervision report to the court upon the expiration of the terms of supervision.

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