McDermott Comment | Evergrande: Crisis-Hit Chinese Property Giant Ordered To Liquidate

Peter Lu, Global Head of China Practice at law firm McDermott Will & Emery, said:

“This case is also important in the context of the new Hong Kong and Chinese mainland reciprocal enforcement of judgments regime which took effect today. I am confident the relevant parties have already started to consider how to use the new regime to their advantage. Litigating in Hong Kong that is directly enforceable in mainland China, is a sensible strategy I would advise my clients to follow.”