{"id":3502,"date":"2023-02-09T18:39:43","date_gmt":"2023-02-09T16:39:43","guid":{"rendered":"https:\/\/nicola-bernard.de\/en\/?p=3502"},"modified":"2023-02-09T18:39:43","modified_gmt":"2023-02-09T16:39:43","slug":"the-zero-covid-strategy-in-china-draws-its-consequences","status":"publish","type":"post","link":"https:\/\/nicola-bernard.de\/en\/the-zero-covid-strategy-in-china-draws-its-consequences\/","title":{"rendered":"The zero-covid strategy in China draws its consequences"},"content":{"rendered":"<p>Due to the Corona pandemic and its consequences, many Chinese companies are unable to meet their contractual obligations or are insolvent. GTAI (Germany Trade and Invest) has summarized what companies with affected business partners in China need to know about the legal basis there.<\/p>\n<p><strong>Insolvent contractual partner &#8211; insolvency law in China<\/strong><\/p>\n<ul>\n<li>\u00a0There is no obligation to file within a certain period of time<\/li>\n<li>\u00a0Insolvent after bankruptcy proceedings<\/li>\n<li>\u00a0Legal basis: Corporate Bankruptcy Law of August 27, 2006<\/li>\n<li>\u00a0No nationwide legal regulations for private insolvency<\/li>\n<li>\u00a0Bankruptcy proceedings in China also affect debtor assets abroad.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>What (foreign) companies can do:<\/p>\n<ul>\n<li>\u00a0Bankruptcy petition can also be filed by a foreign creditor\/debtor<\/li>\n<li>\u00a0Reorganization, bankruptcy liquidation and composition can be applied for<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.gtai.de\/de\/trade\/china\/recht\/china-coronavirus-und-insolvenz-243624\" target=\"_blank\" rel=\"noopener\">More info as well as useful links<\/a>\u00a0can be found on the GTAI website.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Non-performance of contracts due to &#8220;force majeure&#8221; in Chinese law<\/strong><\/p>\n<p>If a Chinese business partner can no longer fulfill its contractual obligations, it must be examined whether a release from liability due to &#8220;force majeure&#8221; can be asserted.<\/p>\n<p>To do this, the contract must first be examined: Which choice of law clause is it subject to? Does it contain a force majeure clause? Has an epidemic been excluded? The &#8220;force majeure clause&#8221; has been newly introduced in this context. It regulates in which cases exemption from liability exists or not. Furthermore, evidence of the influence of force majeure must be provided. If the purpose of the contract cannot be achieved due to force majeure, the parties can terminate the contract. This is regulated by the Chinese Civil Code in Article 563 Paragraph 1 No. 1.<\/p>\n<p>For <a href=\"https:\/\/www.gtai.de\/de\/trade\/china\/recht\/china-coronavirus-und-vertraege-233478\" target=\"_blank\" rel=\"noopener\">more information<\/a>\u00a0please visit the GTAI website.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"https:\/\/www.gtai.de\/de\/trade\/china\/recht\/china-coronavirus-und-insolvenz-243624\" target=\"_blank\" rel=\"noopener\">GTAI<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Due to the Corona pandemic and its consequences, many Chinese [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3502","post","type-post","status-publish","format-standard","hentry","category-allgemein-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The zero-covid strategy in China draws its consequences - Nicola Bernard<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nicola-bernard.de\/en\/the-zero-covid-strategy-in-china-draws-its-consequences\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The zero-covid strategy in China draws its consequences - Nicola Bernard\" \/>\n<meta property=\"og:description\" content=\"Due to the Corona pandemic and its consequences, many Chinese [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nicola-bernard.de\/en\/the-zero-covid-strategy-in-china-draws-its-consequences\/\" \/>\n<meta property=\"og:site_name\" content=\"Nicola Bernard\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T16:39:43+00:00\" \/>\n<meta name=\"author\" content=\"nicola.bernard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nicola.bernard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nicola-bernard.de\/en\/the-zero-covid-strategy-in-china-draws-its-consequences\/\",\"url\":\"https:\/\/nicola-bernard.de\/en\/the-zero-covid-strategy-in-china-draws-its-consequences\/\",\"name\":\"The zero-covid strategy in China draws its consequences - Nicola Bernard\",\"isPartOf\":{\"@id\":\"https:\/\/nicola-bernard.de\/en\/#website\"},\"datePublished\":\"2023-02-09T16:39:43+00:00\",\"author\":{\"@id\":\"https:\/\/nicola-bernard.de\/en\/#\/schema\/person\/7a09693188c7e9880d798b5b412350a4\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nicola-bernard.de\/en\/the-zero-covid-strategy-in-china-draws-its-consequences\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nicola-bernard.de\/en\/#website\",\"url\":\"https:\/\/nicola-bernard.de\/en\/\",\"name\":\"Nicola Bernard\",\"description\":\"Serviceb\u00fcro f. 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