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Look Chan Ho of Des Voeux Chambers HK gives us an illuminating overview of the new HK/Mainland China cross-border insolvency arrangement which was announced recently. The new arrangement provides a framework for mutual recognition of restructuring and insolvency proceedings between the two jurisdictions including recognition of HK schemes of arrangement. Look also gives an update in this blog, on other key recent developments in HK cross-border insolvency.
Details of the terms of the arrangement can be found here: https://www.doj.gov.hk/en/mainland_and_macao/pdf/RRECCJ_opinion_en_tc.pdf
For enquiries please contact:
Look Chan Ho: lookchanho@dvc.hk
Ashok Kumar: ashok.kumar@blackoak-llc.com