Topic: Provisional liquidation

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

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