China’s Insolvency Law and Interregional Cooperation
Comparative Perspectives from China and the EU
As a result of resumption of sovereignty over Hong Kong and Macao as well as the uncertain relationship between the Mainland and Taiwan, China has become a country composed of peculiar political compounds, resulting in four independent jurisdictions. This makes inter-regional legal cooperation a complicated yet compelling topic. Divided into five parts, this book considers possible solutions to problems in China’s inter-regional cross-border insolvency cooperation. These solutions are developed on the basis of two groups of comparative studies, including comparison among the cross-border insolvency systems of the four independent jurisdictions in China and comparison between EU Insolvency Regulation and the UNCITRAL Model Law. The author discusses the advantages and disadvantages of the two systems and presents original recommendations for the way forward. The book will be a valuable resource for academics and policy makers in insolvency law, Asian law and comparative law.
Table of Contents
1. Introduction; 2. China’s Special Political Regime and Current Regional Cross-border Legal Cooperation; 3. Diverse Cross-border Insolvency Systems among the Four Regions; 4. Regulation versus. Model Law: A Comparative Review on Key Aspects; 5. Solutions Tailored into a Chinese Context: A Balanced Way; 6. Conclusion; Annex; Index
Dr. Xinyi Gong is a legal assistant at River Delta Law Firm in Shanghai. She obtained her PhD from the University of Leiden, the Netherlands, where she was sponsored by the China Scholarship Council. Dr. Gong has practiced at governmental institutions and international organizations, including the Department of Justice Hong Kong SAR, the United Nations Commission on International Trade Law (UNCITRAL), and she also participated in the Hague Conference on Private International Law (HCCH), where she learned how the inter-regional and international legal cooperation regimes were drafted, negotiated and obtained consensus.
'This book is remarkable as it combines three books in one: an insightful explanation of the current status of insolvency law and practice in the four independent jurisdictions of the region (the Mainland, Hong Kong, Macao and Taiwan) from a Chinese perspective; a comparative analysis of the EU Insolvency Regulation and the Model Law; and a thoughtful and well-balanced proposal for an inter-regional cross-border insolvency regime that reflects the status of mutual trust between the regions. A perceptive study which will surely make a difference.'
Prof. Dr. Stephan Madaus, The Martin Luther University of Halle-Wittenberg, Germany
'If you would like to know about China's cross-border insolvency and inter-regional legal cooperation, this is a book I will recommend.'
Judge Zhu Rui, People’s Republic of China
'This work is a much needed treatise on cross-border insolvency in the Greater China region. Dr Gong deserves to be firmly congratulated for producing this important work which repays careful study and contributes significantly to cross-border insolvency learning in the region.'
Look Chan Ho, Head of Asia Restructuring and Insolvency, Freshfields Bruckhaus Deringer, Hong Kong