The “One Belt, One Road” Initiative (the Initiative) is one of the most important foreign policies that the Chinese government has been actively promoting since 2013. “One Belt” refers to the “Silk Road Economic Belt”, which was based on the historical trade routes through Eurasia region. “One Road” refers to the Maritime Silk Road, which focuses on linking China with Europe through the Pacific Ocean. The areas proposed by the Initiative would cover about 70% of the world population and 55% of the global GDP.1With the expansion of the Initiative, crossborder legal issues have attracted more attention. This article is trying to explore the cross-border insolvency issues associated with the development of the Initiative and to underline that it is necessary to develop a multilateral guidance for effectively solving cross border insolvency issues among participating countries.
Location