Regional news: Asia-Pacific

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

Kirkland & Ellis adds new partner in Hong Kong

Kelly Naphtali has left Lipman Karas to join Kirkland & Ellis as a partner in Hong Kong.

16 December 2015

India publishes new restructuring bill to streamline insolvency

An Indian law reform committee has published recommendations and a draft bill to modernise the country’s bankruptcy laws – but the new bill says little about cross-border insolvencies.

16 December 2015

Vantage Drilling files 24 Chapter 11 cases with restructuring plan

Two dozen international subsidiaries of a Cayman Islands-based driller have filed for Chapter 11 protection, blaming the oil price collapse and links to scandalised Brazilian state oil company Petrobras for their woes.

11 December 2015

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