4 questions before you choose the route.
This page identifies the right question and evidence. It does not determine the legal outcome on a reader’s facts.
Where are the assets and subsidiaries?
Map.
MapForeign main proceeding recognised?
Recognition.
RecogLocal China filing needed?
Parallel.
LocalBuyer path vs claim path?
Resolve the buyer path vs claim path question separately before choosing the route.
DealWorking rule: When debtors span borders, China practice involves recognition/assistance questions, parallel enterprise-bankruptcy filings, and practical control of PRC assets, banks and subsidiaries.
The signal ledger.
These facts move the question beyond a label and into a product, money-flow and control analysis.
Bring a compact evidence docket—not a pitch deck.
Give a compliance team or counsel the operating facts that reveal the perimeter.
Questions people ask before they build.
Short answers for orientation. The right result can change with the service model and current rules.
Does China apply UNCITRAL Model Law wholesale?
Do not assume full adoption — use current judicial practice with counsel.
Where is distressed M&A?
Use the linked specialist resource when Cross-Border Insolvency in China turns on detailed evidence, procedure or risk assessment.
Primary authorities
Reviewed sources support orientation, not a fact-specific assessment.