Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

GRR Live, Hong Kong: new questions for international insolvencies

By Dominic Lawson

25 April 2019

GRR Live, Hong Kong: new questions for international insolvencies (l-r) Aisling Dwyer, Manoj Sandrasegara, Howard Lam, Ted Osborn, Wang Lingqi, Mr Justice Jonathan Harris, Judge Wang Fang, Joanne Collett, Nick Stern, Look Chan Ho

Hong Kong’s restructuring scene is one of the most cross-border in the world, with three quarters of its listed companies incorporated offshore and most restructurings having a mainland China connection. But the territory still lacks a statutory regime for cross-border recognition – as recently brought into focus in the restructuring of Singaporean engineering company CW Group. What does this mean for international insolvencies in the region?