First letter of request from Hong Kong to Mainland China for recognition and assistance in cross-border insolvency

The Hong Kong High Court has handed down its first decision under the pilot measure in relation to the cooperation mechanism for mutual recognition of, and assistance to, insolvency processes between Mainland China and Hong Kong, in Re Samson Paper Company Limited [2021] HKCFI 2151.

Cooperation mechanism

Filed under:
China, Hong Kong, Insolvency & Restructuring, Litigation, Hill Dickinson, Supply chain
Authors:
Yvette Yu , Soony Tang
Location:
China, Hong Kong
Firm:
Hill Dickinson
New era of judicial co-operation between Hong Kong and mainland China in cross-border insolvency within the Greater Bay Area

The Greater Bay Area (GBA) initiative is an ambitious scheme to link the nine cities in Guangdong’s Pearl River Delta, Hong Kong and Macau into an integrated economy and world class business hub.

Filed under:
China, Hong Kong, Insolvency & Restructuring, Litigation, Hill Dickinson, Foreign direct investment, Bankruptcy, Supply chain, UNCITRAL
Authors:
Bryan O'Hare , Soony Tang
Location:
China, Hong Kong
Firm:
Hill Dickinson