Hong Kong

Results for Hong Kong

Focus: Absolute state immunity prevents enforcement in Hong Kong

Hong Kong's Court of Final Appeal recently held that no state may be sued in Hong Kong's courts unless the state waives its immunity, and that submitting to arbitration does not constitute a waiver. This will have a major impact on any business ...

Resource Article - abi_editor - 08/08/2011 - 10:45 - 0 comments - 0 attachments

Lehman, Hong Kong Liquidators Resolve Claims

Lehman Brothers Holdings Inc. said it settled $20 billion of intercompany claims with liquidators for Lehman Hong Kong and won the affiliate’s support for its liquidation plan, Bloomberg reported. Details of the agreement, which is subject to court appro ...

Daily Headline - global.abi.org - 08/03/2011 - 22:29 - 0 comments

Hong Kong's Grande Holdings Files For Chapter 15 Bankruptcy

Hong Kong-based Grande Holdings Ltd., which owns such global consumer electronic brands as Nakamichi, Akai and Sansui, is seeking court protection from its U.S. creditors, Dow Jones Daily Bankruptcy Review reported. Grande reported assets and debts each ...

Daily Headline - global.abi.org - 06/29/2011 - 23:34 - 0 comments

In re De Coro, Ltd., No. 09-10369C-15G, 2010 WL 5140440 (Bankr. M.D.N.C. Dec. 13, 2010)

Attachment Size DeCoro Ltd., 2010 WL 5140440 (Bankr. M.D.N.C. 2010).pdf 536.22 KB Mon, 12/13/2010 (All day) ...

Chapter 15 Case Law - abi_admin - 07/01/2011 - 16:22 - 0 comments - 1 attachment

HK Bankruptcy Petitions Rise 16.2 Percent In May

Hong Kong bankruptcy petitions rose 16.2 percent in May from the previous month to 718, but were down 9.5 percent from a year earlier, government data showed on Friday, Reuters reported. The number of bankruptcy petitions totalled 3,375 for the first fiv ...

Daily Headline - global.abi.org - 06/19/2011 - 22:13 - 0 comments

Hong Kong Rate Hikes Deflate Housing Boom

Hong Kong banks may have succeeded where the government failed as rising mortgage rates curb home price gains and cut sales to the lowest level in two years, signaling the property market may have peaked, Bloomberg reported. HSBC Holdings Plc (HSBA), whi ...

Daily Headline - global.abi.org - 06/06/2011 - 22:47 - 0 comments

IP Qualifications Profiles January 2011 - Hong Kong

An Insolvency Practitioner (‘IP’) is appointed to almost all types of insolvency proceedings in Hong Kong. There are various types of insolvency appointments including: • supervisor or trustee of a contractual arrangement between creditors and debtors ...

Resource Article - abi_editor - 05/05/2011 - 15:22 - 0 comments - 1 attachment

HKEx Chief Prepares for 'Seismic Change' From China

The first yuan-denominated share to list on the Hong Kong stock exchange is laying the groundwork for a "seismic change" when China allows its citizens to invest abroad more freely, the exchange's head said. In an exclusive interview with ...

Daily Headline - global.abi.org - 04/26/2011 - 21:05 - 0 comments

HK Banks Agree On Resolution For Lehman Minibonds

Sixteen Hong Kong banks have agreed on a deal to enable investors in structured products of the now bankrupt Lehman Brothers recover a majority of their investments, Reuters reported. Investors in Hong Kong lost nearly $2.5 billion on structured products ...

Daily Headline - global.abi.org - 03/29/2011 - 08:04 - 0 comments

Insolvency & Restructuring - Hong Kong

Unlike many other common law jurisdictions, Hong Kong still lacks a statutory corporate rescue regime, despite the fact that a proposal was first made by the Law Reform Commission in 1996 and a proposed bill containing a corporate rescue regime was intro ...

Resource Article - abi_editor - 03/24/2011 - 15:59 - 0 comments - 0 attachments

Syndicate content