The ongoing tension between common law and statutory frameworks in cross-border insolvency is reflected in how jurisdictions balance judicial flexibility against the certainty offered by codified regimes such as the UNCITRAL Model Law. Common law systems, including Hong Kong, continue to rely on principles such as modified universalism and judicial discretion to recognise and assist foreign proceedings, while legislative regimes seek, not always successfully, to provide more streamlined mechanisms for recognition and cooperation across borders. This is a review and update of recent developments across Asia and elsewhere where there is divergence and different approaches.