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24 May 2021

A crucial step – mutual recognition and assistance to insolvency/ bankruptcy proceedings between Hong Kong and the mainland

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On 14 May 2021, the Government of HKSAR and the Supreme People's Court signed the "Record of Meeting of the Supreme People's Court and the Government of the Hong Kong Special Administrative Region on Mutual Recognition of and Assistance to Bankruptcy (Insolvency) Proceedings between the Courts of the Mainland and of the Hong Kong Special Administrative Region" which effects a cooperation mechanism for Hong Kong liquidators and Mainland administrators to seek mutual recognition and assistance. This is no doubt a significant development in furthering judicial cooperation on cross-border insolvency matters between the jurisdictions. 

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Stephanie Poon

Stephanie Poon
Senior associate

T:  +852 2533 2842 M:  Email Stephanie | Vcard Office:  Hong Kong

Karis Yip

Karis Yip
Senior associate

T:  +852 2533 2703 M:  Email Karis | Vcard Office:  Hong Kong

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