Civil Rehabilitation Law
A specific Japanese law providing a legal framework for the rehabilitation of financially distressed companies.
An increasing number of companies are filing for protection under the Civil Rehabilitation Law.
会社更生法 is aimed at larger companies and involves stricter court supervision, while 民事再生法 is a more debtor-friendly rehabilitation law typically used by smaller companies.
Compound of 民事 (civil affairs), 再生 (rehabilitation), and 法 (law).