Table 0f C0ntents
Part 0ne  Introduction…………………………………………1
  I．Research aims and the need for this analvsis…………………7
  Ⅱ．Research methodologY…………………………………………10
    A．Is it appI．0priate t0 carry OUt a comparative research on the
    topic 0f CO叩orate rescue?  …………………………………ll
    B．Main features 0f research obiects    …………………………12
  Concluding remarks  ………………………………………………13
Part Two  Theoretical and functional issues Of
corporate rescue  …………………………………………………17
  IntrodUCtion  ………………………………………………………17
  I．Identification oftWO fundamental concepts centml t0
    Corate rescue  ………………………………………………18
    A．Property rights………………………………………………18
    B．Corporate failure……………………………………………23
  Ⅱ．Basic theory of corporate rescue………………………………26
    A．Definition and ideologY……………………………………26
    B．Crucial elements to a Corporate rescue activity  ……………  36
  Ⅲ．Functionaltransfbrmation of Corporate insolvency law…………4 1
    A．  Histodcal evolution of rescue．oriented mechanisms  ………41
    B．Origin and development of modern corporate
    rescue CUlture………………………………………………42
  Concluding remarks  ………………………………………………45

Part Three  Identifying the contextual factors and histodcal
deVelopment of the UK，the US and China………………46
  Introduction  ………………………………………………………46
  I．Difierent cultures and ideologies………………………………47
    A．Legal cultures and ide010gies regarding the role oflaw  ……47
    B．Entrepreneurial caltures and ideologies  ……………………52
    Ⅱ．Histodcal developments of bankmptcy and COIporate rescue
    laws in England，America and China…………………………57
    A．England：consistent reforms towards a modern rescue
    CUltnrc in the past three decades  …………………………57
    B．America：fDrlnulation of the most influential corporate
    rescue scheme in the WOrld—Chapter 1l……………………70
    C．China：long march towards an entirely new bankmptcy
    and COrporate rescue system  ………………………………74
  Concluding remarks  ………………………………………………97
Part F0ur    A critical assessinent 0f the Chinese cOrporate
 rescue laws and policies On the basis Of the English and
Ainerican inodels…………………………………………………99
  Introduction  ………………………………………………………99
  I．England：company voluntary arrangements(CVAs)
    and administration……………………………………………100
    A．CVAs………………………………………………………100
    B．Administration proceedings………………………………lll
  Ⅱ．America：Chapter 11“Rcoyganization”………………………128
    A．An overview 0f the US Chapter 11  ………………………128
    B．Detailed procedure…………………………………………130
    C．Main ref=0rnqs………………………………………………137
  Ⅲ．Chiaa：the modified reorganization procedare………………1 40