International Corporate Rescue
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Vol 18 (2021) - Issue 3
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Cross-Border Insolvency in Hong Kong: Will the New Cooperation and Coordination Framework with Mainland China Provide the Impetus for Broader Reform?
Scott Atkins, Partner, Chair and Head of Risk Advisory, and Dr Kai Luck, Executive Counsel, Norton Rose Fulbright, Sydney, AustraliaIntroduction
On 14 May 2021, the Government of the Hong Kong
Special Administrative Region ('HKSAR') and the Supreme People's Court ('SPC') of the People's Republic of China signed a joint record of meeting on mutual recognition of and assistance to bankruptcy and insolvency proceedings between the courts of the Mainland and of the HKSAR ('Record of Meeting').
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