Hong Kong Ordinances

SECURITIES AND FUTURES ORDINANCE - SECT 54

Law of insolvency in other jurisdictions

(1) A court shall not, pursuant to any enactment or rule of law, recognize or
give effect to-

   (a)  an order of a court exercising jurisdiction under the law of 
        insolvency in a place outside Hong Kong; or

   (b)  an act of a person appointed in that place to perform a function under
        the law of insolvency there, in so far as making the order or doing
        the act would be prohibited in the case of a court in Hong Kong or a
        relevant office-holder by provisions made by or under this Ordinance.

(2) In this section, "law of insolvency" (破產清盤法), in relation to a
place outside Hong Kong, means any law of that place which is similar to, or
serves the same purposes as, any part of the law of insolvency in Hong Kong.

"law of insolvency" (破產清盤法)