GRR Live, Restructuring in Asia: winding up orders and the evolution of recognition
Recent shifts in Hong Kong jurisprudence have made winding up petitions easier, while Mr Justice Harris’ judgment in Global Brands Group – where he said common law recognition of foreign insolvencies should be assessed on COMI grounds rather than place of incorporation – has reignited the argument for ancillary proceedings. Panellists at GRR Live: Restructuring in Asia considered how courts and practitioners in Hong Kong and offshore are adapting to the changing circumstances.
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