The flags of Hong Kong and the People's Republic of China. Credit: Sushiman/Adobe Stock Hong Kong-China Cross Border Insolvency Agreement Gives Creditors Greater Access to Assets in China
As a result of a recent signing between Hong Kong and Chinese officials, assets tied up in China that were previously hard to reach may be more readily accessible to creditors outside of the PRC.
July 16, 2021 at 01:00 AM
5 minute read
The recently signed agreement between the Hong Kong and Chinese judiciaries for the mutual recognition and provision of assistance in insolvency matters will have a considerable impact on Hong Kong's position as a leader in cross-border insolvency enforcement, particularly where creditors have assets in China.
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