Beijing's Initiative on Cross-Border Insolvency: Reflections on a Recent Visit of Hong Kong Professionals to Beijing

Abstract

In April 2001 a group of insolvency professionals from the Hong Kong Special Administrative Region visited Beijing and held a constructive meeting on crossborder insolvency with a delegation of Chinese government officials and insolvency professionals. The Foreign Economic and Trade Commission of the Beijing Municipal Government initiated the meeting. This article describes the discussions of the meeting with some analysis of the issues concerned, with a focus on crossborder insolvency issues arising in the insolvency offoreign investment enterprises in Beijing. The article argues that China should adopt a national solution to crossborder insolvency issues and that the Chinese judiciary should be more actively involved in the process.