Cross-border Insolvency during Covid: Crisis and opportunity

Authors

  • Liu Yi Liu Yi is a senior partner at Shanghai Everbright Law Firm
  • Zhou Kaiyuan Zhou Kaiyuan is an assistant lawyer at Shanghai Everbright Law Firm

Keywords:

China, covid-19, law

Abstract

The Covid-19 epidemic and associated quarantine measures have caused unprecedented damage to the  global economy and many industries have been forced to close. To mention just a few examples: On 2  March, Japan’s Luminous Cruising Co. filed for bankruptcy. Whiting Petroleum followed suit on 1  April. On 11 April, Burger King New Zealand was placed in receivership. No exemptions were made to  Virgin Australia, who declared that they are seeking bankruptcy protection on 21 April. Around the  world, hotels, restaurants and the entire aviation industry have been crippled.

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Published

2021-08-02

How to Cite

Yi, L., & Kaiyuan, Z. . (2021). Cross-border Insolvency during Covid: Crisis and opportunity. Swiss Chinese Law Review, 1(2). Retrieved from https://ac.sclalawreview.org/index.php/ac/article/view/118