英文摘要 |
The basic connotation of the “green principle”, as prescribed in the Civil Code of the People's Republic of China, is environmental protection, with deeper implications entailing resource conservation and sustainable development. The green principle not only promotes the harmonious development of man and nature, but also delineates the sustainable utilization of resources and capital. As one of the significant pieces of legislation in countries featuring market economy, bankruptcy law has the dual functions of improving the market conditions and rescuing businesses in financial difficulties. The pre-restructuring system is an important embodiment of the significance of the green principle in the bankruptcy law context, because it can effectively improve the success rate of corporate restructurings and rescue financially difficult enterprises. Furthermore, the pre-restructuring system can save judicial and social resources by simplifying procedures; meanwhile it can also help prolong the debtor's experience and goodwill, avoid waste and in turn maximize the sustainable development of financially difficult enterprises. |