State succession and commercial obligations State Succession and Commercial Obligations sets out to answer once and for all the age old question: Do commercial obligations survive state succession Tai Heng Cheng accomplishes this goal via careful analyses of efforts by the United Nations to codify the law of state succession as well as of recent state successions involving East Timor Hong Kong Macau Yugoslavia Czechoslovakia and the Soviet Union. The insightful text identifies a common thread running through these seemingly disparate events. Because of globalization and our interdependence transnational decision maker