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Provides an update on the insolvency reform processes in China and Vietnam from mid-2002 through September 2004. Overall insolvency framework; Scope of the bankruptcy laws; Administration of bankruptcy cases.

Focuses on the amendments to the insolvency law of Hong Kong, China. Overview of the changes made to its Bankruptcy Ordinance; Discussion of the retrospective effect of the amendments; Application of unfair preference avoidance power to corporate liquidations; Overview of the transitional provisions of its Insolvency Act of 1986.

Presents an overview of the changes to Hong Kong, China bankruptcy law made by the Bankruptcy (Amendment) Ordinance in 1997. Grounds for presenting a bankruptcy petition; Trends and policy changes that emerged during the reform process; Strengths and weaknesses of the legislation.

Discusses the insolvency law reforms in Hong Kong, China. Factors causing bankruptcies and company liquidations; Grounds for presenting a bankruptcy petition; Jurisdictional criteria for insolvency.