Abstract Corporate reorganization plan is the most important legal document in the reorganization process for it is closely connected with the most intimate interests of the creditor, shareholders and other stakeholders. Having been approved by the creditor and shareholders, the corporate reorganization plane will not come into legal effect until the ratification by the court. To assure a balance of interest among the interest subjects concerned with the reorganization process, the condition for the court to ratify the plan should be under strict regulation, especially the terms for the court to enforce the plan.
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Received: 28 January 2006
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