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

Features

Names to know in Hong Kong and China

Names to know in Hong Kong and China

18 July 2019

It’s not easy for foreign firms to get work in China, and local is everything. In both China and Hong Kong, having restructuring advisers and lawyers who understand the local market is invaluable. GRR presents a guide to the firms who are most active and most respected in both jurisdictions.

China – recent cases

China – recent cases

18 July 2019

A sample of mainland China's most notable recent cases

Hong Kong – recent cases

Hong Kong – recent cases

18 July 2019

A sample of Hong Kong's most notable recent cases

Imagine there’s no countries

Imagine there’s no countries

18 July 2019

“One country, two systems” is the principle governing Hong Kong and China’s constitutional arrangements. But their two restructuring and insolvency regimes haven’t always worked that well together. Now both jurisdictions are looking at a mutual recognition regime for insolvency matters and considering new measures for the recognition of foreign proceedings.

Singapore’s challenge to Hong Kong

Singapore’s challenge to Hong Kong

18 July 2019

A new restructuring regime in Singapore is shining the light on Hong Kong’s lack of a statutory regime at home.

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

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

18 July 2019

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.

Headwinds and opportunities in China

Headwinds and opportunities in China

18 July 2019

As a trade war with the US puts a squeeze on many Chinese industries, the government is pursuing a US$1 trillion-plus global investment project set to dramatically expand its cross-border engagement. Is this a perfect storm for the cross-border restructuring market?

Night of the living debt

Night of the living debt

18 July 2019

Despite the growing power of the Chinese economy, its prodigious load of non-performing loans is posing both challenges and opportunities for local restructuring practitioners.

Restructuring and the state

Restructuring and the state

18 July 2019

In China, more so than in other jurisdictions, it’s impossible to avoid the government for a restructuring of any significance – particularly municipal and local government. That’s not going to alter any time soon, but government attitudes towards company failure and restructuring are changing.

Changes, hopes and fears in China

Changes, hopes and fears in China

18 July 2019

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.

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

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

18 July 2019

GRR presents the latest in our Worked Out series, this time profiling China and Hong Kong. With headwinds including an extraordinary non-performing loan load, slowing growth, political tensions locally, and a trade war with the US, restructuring professionals in China and Hong Kong are getting ready for what’s around the corner.

Restructuring in Turkey: A new paradigm?

Restructuring in Turkey: A new paradigm?

20 June 2019

White & Case partners Ian Wallace in London and Güniz Gökçe in Istanbul, and local partner Ateş Turnaoğlu in Istanbul, discuss the outlook for restructuring in Turkey.