Legal News

Demystifying Chinese insolvencies—all roads lead to the Mainland

Published on: 17 January 2020
Published by: LexisPSL
  • Demystifying Chinese insolvencies—all roads lead to the Mainland
  • An international free-for-all?
  • The Hong Kong angle—Re CEFC Shanghai International Group Limited
  • US angle—In re Reward Science and Technology Industry Group Co, Ltd
  • Growing engagement and Cooperation

Article summary

Restructuring & Insolvency analysis: Nick Stern of Freshfields Bruckhaus Derringer LLP says Chinese firms acquiring foreign assets has been a hot topic for some time. But one often overlooked question is what happens to those overseas assets if the Chinese business fails? Given the scale of Chinese investment overseas and the financial problems currently being experienced by many Mainland businesses, this question is of growing importance. Two recent decisions—one in Hong Kong and one in New York—address this issue and point to the growing demystification and recognition of Chinese insolvency law outside China. What these decisions also show is that creditors outside China may increasingly find that their only way to recover debts is to engage with the Chinese insolvency process. or take a trial to read the full analysis.

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