On Cross-border Insolvency Cases Of Jurisdiction And Recognition And Enforcement Of Foreign Judgments

Multinational bankruptcy is the kind of bankruptcy which has foreign factors.With China’s participating in WTO, it becomes the second world economy entityrapidly and bring in a lot of foreign investments. However,risk is alwaysaccompanying with chance. The foreign investment entity will also go intobankruptcy. And those cases have effect on Chinese creditors. So, research on thepower of jurisdiction and the recognition and enforcement of multinationalbankruptcy will help to protect the right of Chinese creditors. The article is startingfrom the Chinese laws, regulations and cases of multinational bankruptcy which iseffective now. Through the learning of regulations from other developed countries, thearticle is aimed at providing advices to the construction of Chinese regulation onmultinational bankruptcy and laying the foundation for our nation’s development oflegal country.