The final realization of the extraterritorial effect of bankruptcy must rely on the admission and execution of foreign courts.

破产域外效力的最终实现必须依赖于外国法院的承认与执行。

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Ford is on a roll thanks to its improving product quality and the halo effect of having avoided bankruptcy.

由于提高产品质量和避免破产的光圈效应，福特是好运不断的。

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It was the American arm of Lehman that was for sale, which Barclays bought out of bankruptcy for, in effect, nothing.

雷曼银行的美国分支待售，巴克莱想买下尚未破产的雷曼，却未能如愿。

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But a new obstacle has arisen: Congress has approved two bills whose effect is to reverse the recent repeal of a bankruptcy law which favoured debtors at the expense of banks.

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The finding of the bankruptcy court has no effect.

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The case is set to be a big test of China's new bankruptcy law, which came into effect in 2007 but has rarely been applied to overseas-listed companies with assets in China.

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