• Home
  • Insights
  • Cross border insolvency - first application by Hong Kong liquidators to seek recognition and assistance in Mainland China

29 Jul 2021

Cross border insolvency - first application by Hong Kong liquidators to seek recognition and assistance in Mainland China

Linkedin

Samson Paper Company Limited (In Creditors’ Voluntary Liquidation) [2021] HKCFI 2151(date of decision: 20 July 2021)

China All Access (Holdings) Limited [2021] HKCFI 1842 (date of decision: 21 June 2021)

In May 2021, a landmark cooperation mechanism was implemented between Hong Kong and Mainland China on recognition and assistance in cross border insolvency. The cooperation mechanism has been applied in two recent reported cases. In particular, Samson Paper Company Limited (In Creditors’ Voluntary Liquidation) is the first case in which liquidators appointed by the Hong Kong Court have sought recognition in Mainland China under the cooperation mechanism.

Click here to read more.

Linkedin

KEY CONTACT

Alexander Tang

Alexander Tang
Partner

T:  +852 2533 2881 M:  Email Alexander | Vcard Office:  Hong Kong

Jeannie Liu

Jeannie Liu
Associate

T:  +852 2533 2859 M:  Email Jeannie | Vcard Office:  Hong Kong