This is the first reported scheme of arrangement in Hong Kong seeking to compromise debt governed by PRC law. Under the Gibbs Rule, a foreign composition does not discharge a debt unless it is discharged under the law governing the debt. In this case, the Hong Kong Court considered an exception to the Gibbs Rule and more generally the principles of sanctioning a scheme.
这是香港特区首次报道的旨在解决受中国法管辖的债务偿还计划。根据“吉布斯规则 (Gibbs Rule)”，外国债务人的债务除非根据有关法律得到解除，否则不会解除该债务。在这种情况下，香港高等法院原讼法庭（“该法院”）考虑了“吉布斯规则” 的例外情况和认许该计划的原则。