Insolvency

Binance’s Role in the 10 October 2025 Crypto Crash – Any Remedies for Binance Users?

Binance’s Role in the 10 October 2025 Crypto Crash – Any Remedies for Binance Users? 2560 1707 Hauzen LLP

On 10 October 2025, the crypto market experienced one of its biggest crashes in its (short) history. While Bitcoin plummeted from USD122,000 to around USD104,000 (an approximate 16.5% decline) within…

Bypassing Arbitration Clauses – To Injunct or Not To Injunct?

Bypassing Arbitration Clauses – To Injunct or Not To Injunct? 2509 1671 Hauzen LLP

To injunct or not to injunct – and if so, where at? That is the question that many face when foreign just and equitable winding-up proceedings have been taken out,…

When Arbitration Meets Insolvency: Are Hong Kong Courts Rebalancing the Framework in Cross-Border Cases?

When Arbitration Meets Insolvency: Are Hong Kong Courts Rebalancing the Framework in Cross-Border Cases? 1400 788 Basil Hwang

As cross-border transactions rise and insolvency risks increase, Hong Kong courts are refining how arbitration agreements interact with winding-up petitions. Recent decisions reveal an important trend: strong support for arbitration…

Public and Private Examinations Under Hong Kong’s Companies Ordinance: Key Tools for Liquidators

Public and Private Examinations Under Hong Kong’s Companies Ordinance: Key Tools for Liquidators 1280 934 Lokching Chu

It was reported by Reuters[1] that in September 2023, Su Zhu, a co-founder of Three Arrows Capital, was arrested at Singapore’s Changi Airport and jailed for four months for deliberately…

Landmark SFC Settlement: The Combest Holdings Case

Landmark SFC Settlement: The Combest Holdings Case 1400 788 Hauzen LLP

On 2 June 2025, the Securities and Futures Commission (“SFC”) announced a landmark Court decision requiring former senior executives of Combest Holdings Limited (“Combest”) to pay HK$192 million in compensation…

International Arbitration

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 Hauzen LLP
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 Hauzen LLP
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.
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