Regional news: Asia-Pacific

Major developments in China’s surging restructuring market

Featured in Asia-Pacific Restructuring Review 2024

15 September 2023

Editor’s introduction

Featured in Asia-Pacific Restructuring Review 2024

15 September 2023

Latest developments in Hong Kong restructuring law

Featured in Asia-Pacific Restructuring Review 2024

15 September 2023

Adaptations to Singapore’s insolvency regime in the post-pandemic era

Featured in Asia-Pacific Restructuring Review 2024

15 September 2023

Canadian investor agrees DIP funding deal with Singapore’s New Silkroutes

Singapore-listed healthcare and energy holding company New Silkroutes has entered a debtor-in-possession facility agreement with Canadian real estate investment group Ontario, a week after launching a pre-packaged scheme.

14 September 2023

Digital asset manager faces Cayman liquidation following Ponzi scheme claims

European crypto asset manager Aubit International is facing a winding up petition in the Cayman Islands from the same retail investors who have accused it of orchestrating an “investment scam” in a US lawsuit.

13 September 2023

INSOL Tokyo: Atkins’ term extended as focus turns to 2030 plan’s implementation

INSOL International’s president Scott Atkins is extending his term to see through a strategic plan launched last year to reimagine the organisation to 2030. In his opening remarks at INSOL’s first annual conference in Japan, he said the plan’s implementation had “rapidly advanced”, announcing two new regional advisory councils and a soon-to-be-launched ThinkTank.

12 September 2023

Singapore court approves priority status for liquidation funding creditors

A Hong Kong-based supplier and a Cayman Islands fund have secured an order in Singapore giving them priority over other creditors of an international commodities trader, after agreeing to finance the company’s liquidation.

11 September 2023

Judicial manager beats unfair prejudice application in Singapore

Singapore’s High Court has defined the test for creditors seeking to challenge the appointment of a judicial manager on unfair prejudice grounds under the Insolvency Restructuring and Dissolution Act for the first time, in a case concerning a subsidiary of Indonesian textile conglomerate Sritex.

07 September 2023

Ashurst loses partner to White & Case in Hong Kong

White & Case has expanded its operations in Hong Kong with the hire of Ashurst partner Sophie Lyall, who has experience across the Asia-Pacific region, including on the cross-border restructurings of beleaguered Chinese real estate groups China Fortune Land and E-House.

05 September 2023

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