Regional news: Hong Kong
Altair Asia: Cayman court declines to follow Hong Kong ruling
In a rare example of judicial comity being sidelined in a cross-border insolvency, the Cayman Islands Grand Court has declined to follow an earlier ruling of the High Court of Hong Kong. Harneys partner Jessica Williams and associate Mark Burrows examine the case of Altair Asia.
13 October 2020
Kobre & Kim hires Walkers insolvency head in Hong Kong
Kobre & Kim has hired the head of Walkers’ insolvency and dispute resolution group in Hong Kong, a partner with credits in the Saad liquidation and the Winsway restructuring.
08 October 2020
Kirkland & Ellis promotes in US, Europe and Asia
Kirkland & Ellis has promoted 13 new restructuring and debt finance partners across the US and in Munich, London and Hong Kong.
02 October 2020
Hong Kong appeal court rejects US letters of request on “fishing” grounds
A private equity firm has failed to compel testimony from two distressed investors in Hong Kong over an aborted restructuring, after Hong Kong’s Court of Appeal said its effort - backed by US letters of request - amounted to a fishing exercise.
18 September 2020
English court clarifies recognition application powers
An English court has refused to set aside the recognition of a Hong Kong bankruptcy, finding for the first time that it could retroactively sanction the service of a recognition application in another jurisdiction.
11 September 2020
Chinese good faith obligation is not a bar to Hong Kong winding-up
A Hong Kong court has dismissed arguments it should hold off winding up a local note guarantor on the basis that a debt restructuring agreement was being worked out for the notes “in good faith” in Mainland China.
09 September 2020
Hong Kong court urges consistency in recognition requests
A Hong Kong court has recognised the Bermudian “soft-touch” provisional liquidations of a metals company and a commodities trader, but has asked for consistency from foreign officeholders and courts seeking assistance.
08 September 2020
One in, one out for Latham in Hong Kong
Latham & Watkins has hired Andrew Bishop as a partner in Hong Kong, but partner Gary Hamp has left the firm for Shearman & Sterling and returned to London.
04 September 2020
Creditors approve ED&F Man’s UK scheme
International commodity trader ED&F Man has secured unanimous backing for its UK scheme of arrangement during two creditors’ meetings.
02 September 2020
Campbells hires new managing partner in Hong Kong
Offshore law firm Campbells has hired Shaun Folpp from Mourant to take over the management of its Hong Kong office.
21 August 2020
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