International Corporate Rescue
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Vol 17 (2020) - Issue 5
Article preview
Recognition and Assistance for PRC Insolvency in Hong Kong
Nigel Meeson QC, Partner, Head of Asia Litigation and Restructuring, Conyers Dill & Pearman, Hong KongSynopsis
A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People's Republic of China ('PRC'), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.
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