Regional news: Asia-Pacific
Lander & Rogers hires Norton Rose partner in Sydney
A Sydney-based Norton Rose Fulbright partner who advised the administrators of Lehman Brothers’ main European arm in its landmark Waterfall litigation in the UK has joined Lander & Rogers, telling GRR he plans to grow the firm’s cross-border offering.
17 May 2023
Dubai-headquartered tech company faces liquidation in Cayman
Chicago-based investment bank Loop Capital Markets is seeking to wind up a Dubai-headquartered electrical vehicle company it says has failed to pay fees racked up when it completed a SPAC process last year.
12 May 2023
Another Chinese property developer wound up in Hong Kong
Cayman Islands-incorporated Chinese property developer Jiayuan International Group has been wound up after a Hong Kong court found it had failed to come up with a viable restructuring plan.
12 May 2023
Sullivan & Cromwell hires Kirkland partner
A Kirkland & Ellis partner who has been advising offshore bondholders in the restructurings of Chinese real estate developers Evergrande and Modern Land has moved to Sullivan & Cromwell in Hong Kong.
12 May 2023
Creditor can fund joint investigations as Singapore court weighs in on third-party funders’ profits
The liquidators of a licensed foreign law practice in Singapore and the bankruptcy trustee of its sole shareholder have secured court approval of a third-party funding agreement with a member of the firm's committee of inspection, in a decision that sheds light on the type of acceptable deals and range of profits a funder can make.
11 May 2023
Exclusive jurisdiction clauses trump bankruptcy code in absence of public interest, Hong Kong court rules
The Hong Kong Court of Final Appeal has held that exclusive jurisdiction clauses in private agreements should take precedence over bankruptcy petitions in certain circumstances.
09 May 2023
Ch15 round-up: Ukrainian bank liquidator wins recognition in Florida
A Canadian fuel company has sought recognition of its domestic insolvency proceedings in Florida, while the representatives of a Ukrainian bank, the trustee of a New Zealand family trust and a Brazilian oil drilling group have secured Chapter 15 orders in Florida, Kentucky and New York.
05 May 2023
DLA Piper names former Akin partner as new APAC restructuring head
A former Akin Gump Strauss Hauer & Feld partner has been appointed head of DLA Piper’s Asia-Pacific restructuring team in Hong Kong, while two of the firm’s legal directors have made partner in the UK.
04 May 2023
Sidley and Conyers called on again as Chinese property group files Cayman scheme
Another struggling Chinese real estate group listed in Hong Kong has secured permission to convene a meeting for creditors to vote on a Cayman scheme to restructure its offshore debt.
02 May 2023
Cayman SPC liquidators plan recognition actions in Malaysia and UK
The Hong Kong and Cayman-based voluntary liquidators of a cash-strapped segregated portfolio company have asked a Cayman court to supervise its liquidation and allow them to seek recognition in Malaysia and the UK.
01 May 2023