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Katten Muchin Rosenman LLP
Hong Kong Airlines has announced that it is seeking to implement a restructuring of its aircraft lease obligations and other liabilities by court action in the UK and Hong Kong.
Herbert Smith Freehills
A recent Hong Kong Court of Appeal decision examined a creditor's right to commence bankruptcy/insolvency proceedings where the petition debt arises from an agreement containing an exclusive...
FTI Consulting
The private credit market has not been popular in Asia until recent years when the public markets started to run out of steam. While investors struggle to identify value in the global markets and borrowers...
Mayer Brown
On 30 August 2022, the Hong Kong Court of Appeal overturned the Court of First Instance's decision in the case of Guy Kwok-Hung Lam v Tor Asia Credit Master Fund LP and held that a creditor's bankruptcy petition presented in Hong Kong should not be allowed to proceed.
Herbert Smith Freehills
Historically, the common law has only recognised foreign insolvency proceedings commenced in the jurisdiction in which the company is incorporated.
Herbert Smith Freehills
The Hong Kong Court of Final Appeal has taken a practical approach in interpreting the second core requirement, out of three needed, for a Hong Kong Court to exercise its discretion to ...
Ogier
On 22 February 2022, Doyle J made a winding up order and appointed joint official liquidators in respect of GTI Holdings Limited (Company), a company incorporated in the Cayman Islands.
Herbert Smith Freehills
In a further development to cross-border insolvency cooperation between Hong Kong and Mainland China, the Hong Kong Court has issued a letter of request to a Mainland Court requesting recognition and assistance of...
Herbert Smith Freehills
In a further development to cross-border insolvency cooperation between Hong Kong and Mainland China, the Hong Kong Court has issued a letter of request to ...
Herbert Smith Freehills
In Re Grand Peace Group Holdings Limited [2021] HKCFI 2361, the Hong Kong Court refused to exercise its discretionary jurisdiction to wind up an offshore holding company due to difficulties in the recognition of Hong Kong liquidators in the BVI.
Bryan Cave Leighton Paisner LLP
If a person presents a petition for their own bankruptcy ("self-petition"), are there any safeguards to ensure that the self-petition is genuine, as opposed to a cynical device by the person...
Akin Gump Strauss Hauer & Feld LLP
In a noteworthy decision handed down on 17 December 2021 ("Decision") 1, the High Court of Hong Kong recognised the Mainland China bankruptcy administrator ("Administrator")
Walkers
In Singularis, as is well known, the Privy Council Board considered the doctrine of modified universalism whereby, broadly speaking, a court will give such assistance as it can to foreign insolvency proceedings, ...
Gall
On 14 May 2021, a cooperation mechanism was established between the Mainland and Hong Kong in the form of the Record of Meeting of the Supreme People's Court and the Government of the Hong Kong...
Gall
The rationale is to prevent hostile creditors from disrupting the implementation of the scheme in another jurisdiction, thereby better insulating the distressed company.
Akin Gump Strauss Hauer & Feld LLP
On May 14, 2021, the Department of Justice of the government of the Hong Kong Special Administrative Region announced that the Secretary for Justice of Hong Kong..
Ogier
変化するマーケットの中で成長するチーム
Carey Olsen
In the recent case of Byers and others v Chen Nanning [2021] UKPC 4, the UK Privy Council examined the duties of a director in relation to an insolvent British Virgin Islands (BVI) company
Akin Gump Strauss Hauer & Feld LLP
We are pleased to present our March 2021 update on recent key insolvency and restructuring cases in Hong Kong.
Jones Day
The mechanism set out in "The Supreme People's Court's Opinion on Taking Forward a Pilot Measure in relation to the Recognition of and Assistance to Insolvency Proceedings in the Hong Kong Special...
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