In recent years, Russian-Chinese trade relations have shown constant growth. There is a close relationship and favourable cooperation between companies in the two countries. However, the effects of the prolonged coronavirus pandemic and difficulties in foreign policy relations with other countries are having a significant impact on the financial health of organisations. As a result, not all
companies are able to continue doing business due to low profitability and the formation of pre-bankruptcy signs. In the case of crossborder insolvency, it becomes very difficult to balance the interests of both parties, given the differences in legal regimes and the division into «pro-debtor» and «pro-creditor» jurisdictions.