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China and Hong Kong Worked Out: Imagine there’s no countries

By Douglas Thomson

18 July 2019

China and Hong Kong Worked Out: Imagine there’s no countries

 istock.com/fpdress

“One country, two systems” is the principle governing Hong Kong and China’s constitutional arrangements. But their two restructuring and insolvency regimes haven’t always worked that well together. Now both jurisdictions are looking at a mutual recognition regime for insolvency matters and considering new measures for the recognition of foreign proceedings.