Regional news: Asia-Pacific

Akin Gump wins restructuring firm of the year award

Akin Gump Strauss Hauer & Feld has been named Restructuring Firm of the Year at the third annual awards ceremony held by GRR’s sister publication Who’s Who Legal.

13 April 2016

Singapore Court upholds third-party securities ruling in line with common law

A Singapore Court has dismissed an appeal by the director of an East Timor coffee company against an order to pay its Australian creditors, in a case that affirms the Singapore courts' stance on third party securities as being in line with common law principles.

13 April 2016

SINGAPORE: Court-to-court protocols are the key to cross-border consensus

Two judges and a lawyer from China, Singapore and the US discussed how to better manage cross-border insolvencies across Asia, agreeing that court-to-court protocols are a better solution than trying to harmonise different countries’ laws.

11 April 2016

Hogan Lovells hires from DLA Piper in Australia

Hogan Lovells has hired DLA Piper restructuring partner Scott Harris to practise in its Perth and Sydney offices.

05 April 2016

Fishing group appoints restructuring officer after deal ends Hong Kong and Cayman liquidations

Industrial fishing company China Fishery Group has appointed a new chief restructuring officer after reaching a deal with lenders to sell its Peruvian unit, bringing an end to liquidation proceedings in the Cayman Islands and Hong Kong.

08 March 2016

Norwegian shipper liquidates after Japanese creditors veto restructuring plan

A Norwegian shipping company has entered liquidation after a group of Japanese creditors vetoed its restructuring plan and tried to reverse the sale of its subsidiary for an allegedly reduced price.

07 March 2016

White & Case poaches HSF China restructuring head

White & Case has hired Herbert Smith Freehills’ restructuring head for Greater China as a partner in its Hong Kong office.

03 March 2016

Australia proposes insolvency reforms in innovation drive

The Australian government has announced plans for major reform of the country’s insolvency laws, as its parliament considers a bill aimed at raising standards in the insolvency profession.

28 January 2016

Hong Kong court rejects wind up in Cayman KPMG competence dispute

A Hong Kong court has dismissed a winding-up petition for a foreign company because it was already being liquidated in the Cayman Islands, rejecting the petitioner’s “entirely fanciful” allegations that Cayman-appointed liquidators KPMG would fail to deal with the matter speedily.

28 January 2016

Abe leaves Baker & McKenzie to start new Tokyo firm

Former Baker & McKenzie partner Shinichiro Abe has left the firm’s office in Tokyo to set up his own practice.

21 January 2016

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