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 cross-border insolvency with a delegation of Beijing government officials and insolvency professionals. The meeting was initiated by the Foreign Economic and Trade Commission of the Beijing Municipal Government. This article describes the discussions of the meeting with some analysis of the issues concerned, with a focus on cross-border insolvency issues arising in the insolvency of foreign investment enterprises in Beijing. The article argues that China should adopt a national solution to cross-border insolvency issues and that the Mainland judiciary should be more actively involved in the process.