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

“Things have worked because they had to”: restructuring without a regime in Hong Kong

By Douglas Thomson

18 July 2019

“Things have worked because they had to”: restructuring without a regime in Hong Kong istock.com/laoshi

Part of our "China and Hong Kong Worked Out" series: Hong Kong’s restructuring practitioners are, by necessity, creative. Without a restructuring and insolvency regime beyond the scheme of arrangement inherited from the British, practitioners have a “make-do-and-mend” approach aided by a supple judiciary and a can-do attitude among professionals.