Regional news: Hong Kong

DLA Piper has hired Matthew Worth as a partner in its Hong Kong restructuring practice, two days after it added a new partner in Melbourne.

31 July 2020

A Bermudian court has appointed light-touch provisional liquidators over a locally incorporated paper company and asked a Hong Kong court for assistance, amid a potential investigation into auditing issues at the company.

27 July 2020

A British Virgin Islands court has dismissed an investment fund’s attempts to appoint liquidators over local company Fair Cheerful, finding a dispute between the parties should be arbitrated in Hong Kong.

20 July 2020

Gordon Brothers and EY have hired in Australia, Kirkland & Ellis and Thornton Grout Finnigan have recruited in Hong Kong and Toronto, and Quantuma and Freeths continue to expand in the UK.

20 July 2020

A Singapore court has recognised the Hong Kong liquidation of energy company Shanghai Huaxin Group under its three-year-old Model Law legislation, expanding a multi-jurisdictional bankruptcy linked to an international bribery scandal.

17 July 2020

Edward Middleton, a former managing director and co-head of financial restructuring in Asia at investment bank Houlihan Lokey, has joined Alvarez & Marsal in Hong Kong.

15 July 2020

The Hong Kong Court of Appeal has refused to admit a Singapore court’s Mareva injunction as evidence that an equivalent order should be reinstated in Hong Kong, for the liquidators of Cayman-incorporated China Medical Technologies.

13 July 2020

Weil and Richards Layton & Finger are advising one of the oldest US apparel retailers, which has sought bankruptcy protection as it plots to sell its assets and drop “burdensome” leases.

09 July 2020

Hong Kong-based Harneys consultant Lorinda Peasland and its head of restructuring in Asia, Chai Ridgers, set out their case for a formal restructuring regime in Hong Kong. With corporates facing “unprecedented pressure” at the moment, they say the lack of a formal regime could push otherwise viable businesses into liquidation.

07 July 2020

English football club Wigan Athletic has fallen into administration in the UK, just weeks after it was taken over by Cayman-registered, Hong Kong-based Next Leader Fund.

03 July 2020