The Theory and Practice of Asset-Backed Securities

Author: Zou Hailin / Chang Min
Publisher:
Publish Date: 2005-05-01
Features: The guarantee of debts serves as a means to enhance transactional credit, and the system of debt guarantee is an indispensable institution for the stable development of market transaction relationships. The provisions of the civil law regarding the system of debt guarantee in China originated from the Economic Contract Law promulgated in 1981. With the promulgation of the General Principles of Civil Law, the system of debt guarantee began to develop gradually. Through the accumulation of judicial practice experience and theoretical preparation, the Chinese legislative body promulgated the Guarantee Law in 1995, which made relatively detailed provisions on debt guarantee methods in China, laying a foundation for the practice and development of the guarantee system. However, the provisions of China's Guarantee Law are still somewhat rough, and there was a lack of sufficient theoretical preparation during the legislative process, leaving many legal loopholes. In this context, the authors, in light of current realities, revised their earlier book, "Methods and Applications of Debt Guarantee." The publication of this book is bound to attract attention from both theoretical and practical circles, providing concrete and comprehensive solutions for the judiciary to address numerous existing practical issues.