What Should Come after the Implementation of the Mutual Recognition and Assistance in Cross-Border Insolvency between Mainland China and Hong Kong?

Abstract

This article evaluates the new cross-border insolvency cooperation arrangement between Hong Kong and Mainland China from three business perspectives. First, whether it brings a legal effect; second, whether it aids in identifying a company’s assets; and third, its impact on court procedures and potential to facilitate information sharing between two regions.

Keywords: Insolvency, Restructuring, Hong Kong, China, Law