Cross-border insolvency Hong Kong insolvency law
hong kong has not introduced uncitral model law on cross-border insolvency domestic legislation. accordingly, cross border insolvency cases still conducted upon ad hoc basis using form of modified universalism. courts have power wind foreign company if can shown have sufficient connection hong kong. court reluctant exercise power. necessary establish that:
however letter of request issued foreign court, hong kong courts may demonstrate more flexibility in relation making of order respect foreign company.
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