Self-study: Update on Bankruptcy Law and Restructuring Environment in China

Program description—Based on AIRA's December 2012 Los Angeles Seminar, this self study course provides a critical update on China's bankruptcy law and restructuring environment presented by two experts. Professor Charles D. Booth (Carlsmith Ball Faculty Scholar, Richardson School of Law, University of Hawaii at Manoa & Senior Advisor, SNR Denton) discusses the development of bankruptcy law in the PRC including China's old insolvency framework, problems with State-owned enterprises, the 1997 Asian financial crisis, China's reform efforts and an overview of the New Bankruptcy Law. Brent Carlson, CIRA (Director, AlixPartners) analyzes changes in the economic and business environment and explains how these may thrust China's bankruptcy law to the forefront in the not too distant future.

Presenters

Moderator: Teri Stratton, CIRA— Managing Director, Restructuring and Recapitalizations, Piper Jaffray
Speakers: Professor Charles D. Booth—Carlsmith Ball Faculty Scholar, Richardson School of Law, University of Hawaii at Manoa & Senior Advisor, SNR Denton—Professor Booth teaches at the William S. Richardson School of Law at the Univ. of Hawai`i and is Founding Director of the Institute of Asian-Pacific Business Law. He is a Co-Director of the Diploma in Insolvency Course run by Hong Kong Institute of CPAs. Prof Booth's primary research focus is in comparative and cross-border insolvency and commercial law, Hong Kong and Chinese insolvency law reform, and development of insolvency and commercial law infrastructures in Asia, the Pacific, and Europe
  Brent Carlson, CIRA, CFE— Director, AlixPartners—Brent has nearly 20 years of China business experience which includes senior management positions consisting of Chief Representative, COO/Deputy General Manager, CFO/Treasurer, Director of Business Development, and Chief Compliance Officer. Brent has led comprehensive turnaround programs in China, is a Certified Insolvency and Restructuring Advisor, and is fluent in Mandarin Chinese.

Learning objectives—After completing this course participants will be able to:

  • Describe the trend of investment as a percentage of China's GDP from 1982 to the present and explain the implication for sustainability.
  • Identify the estimated state sector share of China's GDP and five major consequences for economic reform.
  • Describe two major challenges to rebalancing China's economy.
  • Name four key costs whose increase is responsible for a shift away from China as the low-cost country of choice.
  • Identify three trends preceding the bursting of Japan's bubble that are occurring in China.
  • List and describe four key operational challenges facing companies in China.
  • Identify four key positive factors in China's economic outlook.
Price $95
CPE Credit Recommended, 2 CPE Credit hour(s), field of study—Accounting - Technical;
Knowledge level Basic: Most beneficial to CPAs and other financial advisors new to a skill or attribute, including individuals at staff or entry level in an organization as well as seasoned professionals with limited exposure to the area.
Additional Info Online registration and payment of fee will allow materials to sent to the participant’s email address and the participant must submit request for CPE credit after completing the requirements (instructions enclosed with materials). Presenters’ PowerPoint slides for reference are included with materials. If unable to register online, participants may call AIRA’s office at (541) 858-1665 to order.
Format Digital Materials
Prerequisites None
Advance prep None

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Refunds:

Requests for refunds must be received within 10 days after receipt of course subject to a $25 cancellation fee and return of all materials in good condition.

Question Resolution

For assistance regarding refunds, program cancellations, or other program related matters, please contact our offices at (541) 858-1665 or by email aira@aira.org.

National Registry of CPE Sponsors

"Association of Insolvency and Restructuring Advisors" is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.