China’s Guangdong province has set up a special court to deal with disputes that arise from the closure of “zombie enterprises”, the official China Daily reported on Tuesday.
The Guangdong High People’s Court unveiled a new tribunal on Monday to help settle legal issues that might arise from the liquidation of province’s 3 385 zombie firms, with a sharp rise in bankruptcies expected in the coming years, China Daily said, citing a local court official.
