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Hong Kong Leading Case cross border insolvencyforeign judgments common law

But Ka Chon v Interactive Brokers LLC

(2019) 22 HKCFAR 272
JurisdictionHong Kong
CourtHK Court of Final Appeal
Year2019
StatusBinding authority

Summary

CFA adopted modified universalism for recognition of foreign insolvency proceedings in HK, subject to safeguards protecting local creditors.

Key Principle

The CFA clarified the approach to recognition of foreign insolvency proceedings in Hong Kong, adopting a modified universalism approach with appropriate safeguards for local creditors.

Area of Law

insolvency

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