The Effect of 1997 on Hong Kong’s Law of Transnational Corporate Insolvency
20 Pages Posted: 6 Feb 2010 Last revised: 12 Feb 2010
Date Written: 1997
Hong Kong should reform its transnational corporate insolvency law before 1997. The article sets out the Hong Kong rules regarding the recognition of foreign liquidations and discusses the Hong Kong law relating to the winding up of foreign companies under the Companies Ordinance. The article also discusses the economic, political, and legal developments that will affect the post 1997 evolution of Hong Kong’s transnational corporate insolvency law. The weaknesses in the existing legislation and case law framework are highlighted and many legislative amendments are proposed.
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