Litigation

How do Hong Kong courts determine whether or not to sanction a Scheme of Arrangement to restructure foreign debt?

How do Hong Kong courts determine whether or not to sanction a Scheme of Arrangement to restructure foreign debt? 1402 790 Hugo
When a company is insolvent, it is possible that the creditors would agree on a scheme of arrangement to restructure its debt. Sometimes, the courts will be asked to sanction such scheme. This article examines what factors the court will take into account.

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 Hugo
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.

Enforcing an arbitral award under the New York Convention of Enforcement of Arbitral Awards 1958

Enforcing an arbitral award under the New York Convention of Enforcement of Arbitral Awards 1958 1400 788 Hugo
Companies often choose to resolve disputes by way of international arbitration because awards granted by an international arbitration tribunal may be enforced worldwide. Recognition and enforcement of arbitration awards in domestic courts is one of the most valuable aspects of arbitration proceedings. This article examines how a New York Convention arbitral award can be enforced in Hong Kong.
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