Chinese cross-border insolvency laws: Recent developments and international implications

IF 0.5 3区 社会学 Q4 BUSINESS, FINANCE
Shuai Guo, Jieche Su
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引用次数: 0

Abstract

The present Chinese insolvency law is under the process of legislative reform, and one focus point among legislators and academics is cross-border issues. China is slowly opening up its market to foreign insolvency proceedings, as demonstrated by the 2021 Chinese Mainland-Hong Kong cross-border insolvency cooperation mechanism. This first attempt, however, is only available in three trial cities in the Mainland and does not apply to jurisdictions other than Hong Kong. Nevertheless, it does not undermine the intention of the Mainland to advance its cross-border insolvency framework. Based on a thorough examination of Chinese legislation and judicial practices, this article submits that China would be willing to accept international standards and be a more active player in international insolvencies.

中国跨境破产法的最新发展及其国际影响
我国现行破产法正处于立法改革的过程中,跨国界问题是立法者和学术界关注的焦点之一。2021年中国内地与香港跨境破产合作机制表明,中国正在缓慢向外国破产程序开放市场。然而,第一次尝试只在内地三个试点城市进行,不适用于香港以外的司法管辖区。不过,这并不影响内地推进跨境破产架构的意图。本文通过对中国立法和司法实践的深入考察,认为中国愿意接受国际标准,在国际破产中发挥更积极的作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
0.80
自引率
33.30%
发文量
36
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