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

China and Hong Kong Worked Out: Changes, hopes and fears in China

By Douglas Thomson

18 July 2019

China and Hong Kong Worked Out: Changes, hopes and fears in China Beijing's central business district under construction / istock.com/rocks3

The past five years have seen a shift in Chinese restructuring practice with the concept of reorganisation increasingly being seen as a business tool, rather than an admission of failure. But practitioners say there’s still a way to go, pointing out that creditors’ rights need to be strengthened, and personal bankruptcy remains entirely uncatered for.