Hong Kong Insolvency Law Reform: Preparing for the Next Millennium

The Journal of Business Law, March Issue, p. 126, 2001

31 Pages Posted: 5 Feb 2010 Last revised: 13 Feb 2010

See all articles by Charles D. Booth

Charles D. Booth

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa; University of Hawaii at Manoa - William S. Richardson School of Law

Date Written: 2001

Abstract

When China resumed sovereignty over Hong Kong on July 1, 1997, Hong Kong’s economy was strong, the stock and property markets were high, and the general consensus was that the economy would continue to prosper. In the second half of 1997, an economic crisis began to engulf Asia and Hong Kong and Hong Kong slid into a recession. The economic crisis led to a sharp increase in the number of insolvencies in Hong Kong. It also increased awareness of the role that insolvency law can play in facilitating economic recovery. This article discusses insolvency law reform in Hong Kong, focusing on bankruptcy law (that came into operation in 1998) and corporate rescue.

Suggested Citation

Booth, Charles D., Hong Kong Insolvency Law Reform: Preparing for the Next Millennium (2001). The Journal of Business Law, March Issue, p. 126, 2001, Available at SSRN: https://ssrn.com/abstract=1548090

Charles D. Booth (Contact Author)

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa ( email )

University of Hawai'i at Manoa
2515 Dole Street
Honolulu, HI 96822-2328
United States

University of Hawaii at Manoa - William S. Richardson School of Law ( email )

2515 Dole Street
Honolulu, HI 96822-2350
United States

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