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In Depth: Hong Kong-Mainland Deal Opens Door to Solving China’s Cross-Border Bankruptcy Issues

2021年06月30日 17:15 来源于 财新网
Agreement could eventually make it easier for both domestic and foreign creditors to claim an insolvent company’s overseas assets

Just after South Korea’s Hanjin Shipping Co. Ltd. filed for bankruptcy protection in its home country in August 2016, the company petitioned courts in 43 countries to try to prevent creditors from seizing its vessels.

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