Insolvency

Court of Appeal Extends Re Guy Kwok-hung Lam to arbitrable cross-claims
Court of Appeal Extends Re Guy Kwok-hung Lam to arbitrable cross-claims 1400 788 Hauzen LLP
This decision confirms that Hong Kong Courts will stay a winding-up petition of a company pending determination of an arbitrable cross-claim.

Mutual Recognition & Assistance to Insolvency Proceedings in HKSAR & China
Mutual Recognition & Assistance to Insolvency Proceedings in HKSAR & China 1400 788 Byron Chow
Learn about the implications and guidance for Recognition of HKSAR Insolvency Proceedings in Mainland China and vice versa

Overview of Compulsory Winding-up in Hong Kong
Overview of Compulsory Winding-up in Hong Kong 1400 788 Hauzen LLP
There are two main avenues for winding up a Hong Kong company: compulsory winding-up & voluntary winding-up. Most common is a company unable to pay its debts.

HK Court to Go Ahead with Keepwell Claim
HK Court to Go Ahead with Keepwell Claim 1920 1080 Kelly Ho
Claims under a Keepwell Deed, despite ongoing insolvency proceedings in PRC, should be determined in Hong Kong according to its exclusive jurisdiction clause.

PRC reorganisation proceedings recognised for the first time
PRC reorganisation proceedings recognised for the first time 1400 787 Kelly Ho
Companies embroiled in insolvency proceedings in the PRC or HK will find it easier to exercise their powers and manage their cases in either jurisdiction.

A milestone for the application by Hong Kong liquidators for recognition and assistance in the Mainland
A milestone for the application by Hong Kong liquidators for recognition and assistance in the Mainland 1400 787 Hauzen LLP
Under the cooperation mechanism, the Mainland and Hong Kong jurisdictions agreed to the terms that several cities, such as Shanghai, Shenzhen and Xiamen in the Mainland and Hong Kong would mutually recognize and assist each other in matters regarding insolvency.

HKSAR & Mainland sign record of meeting concerning mutual recognition of and assistance in insolvency proceedings
HKSAR & Mainland sign record of meeting concerning mutual recognition of and assistance in insolvency proceedings 1920 1080 Hauzen LLP
Hong Kong and Mainland China signed a record of meeting signifying consensus on mutual recognition of and assistance in insolvency proceedings between the two.

Permission granted to provisional liquidators to seek Mainland recognition
Permission granted to provisional liquidators to seek Mainland recognition 1400 788 Hauzen LLP
Permission granted to provisional liquidators to seek Mainland recognition may open new door to mutual recognition of cross-border insolvency proceedings
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