“Things have worked because they had to”: restructuring without a regime in Hong Kong
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.
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GRR is a daily information service providing cross-border insolvency and restructuring news, features and events.