Hong Kong Judgments to be Enforced by Mainland China Courts: Is the Divide Between Two Systems Within One Country Shrinking?
At present, investing in Mainland China is a double-edged sword, primarily because the potentially substantial economic opportunities can be offset by the practical obstacles resulting from rule of law issues when deals go bad. However, a recent agreement between the courts of Hong Kong and Mainland China to reciprocally enforce one another's judgments could provide a significant boost to investor confidence in the region.Continue Reading Questions & comments
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 adds to the U.S. Bankruptcy Code a new Chapter 15 to govern cross-border cases. Chapter 15 represents a significant departure from former Section 304 of the U.S. Bankruptcy Code, which is to be replaced in its entirety. A few of Chapter 15's key provisions are summarized below.Continue Reading Questions & comments