China

Suntech Case Highlights Chinese Bankruptcy Risks

, The Asian Lawyer

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When the Wuxi-based company that was once the world's largest manufacturer of solar panels went bankrupt last year, the Chinese government decided to let it happen. Many observers hailed it as a groundbreaking example of the Chinese government allowing a leading company succumb to market forces. But it also brought home the risks for foreign investors in such companies, who have little protection when they go under.

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