Jian Wu and Jason Kang Explore Hong Kong-Based Cross-Border Asset Recovery and Protection in HKIAC Session
July 17, 2023
For creditors in the People’s Republic of China, Hong Kong can and often should be the primary springboard to launch a cross-border enforcement campaign to trace and recover funds. Kobre & Kim’s Jian Wu and Jason Kang, who both focus on the monetization of claims involving the region, examine what a Hong Kong-based global enforcement strategy may look like during a session hosted by the Hong Kong International Arbitration Centre (HKIAC) in Shenzhen on July 21, 2023.
The session, “跨境资产保护和追索：以香港为中心的多法域策略” (“Cross-Border Asset Protection and Tracing: Hong Kong-centric Multijurisdictional Cooperation”), will examine the jurisdictions most closely related to Chinese users and the current practical hotspots in the field of cross-border asset recovery and protection. The discussion will address current practice in asset investigation and protection in each of those jurisdictions; current practice in how each jurisdiction uses international arbitration and court procedures to preserve assets; the latest developments in recognition and enforcement of judgments and arbitral awards in each jurisdiction; and asset recovery and protection when an entity enters liquidation or bankruptcy in each jurisdiction.
Joining Mr. Wu and Mr. Kang are Chen Xianglin and Liu Dong of Hankun Law Firm, Vicky Lord and Ma Wei of Harneys, and Yang Ling of HKIAC. The session is also hosted by BPEA and CVCA.