The Hong Kong Court has recently handed down a landmark decision in Re USUM Investment Group Limited [2026] HKCFI 1320, addressing the scope of its power to recognise restructurings approved by non-Hong Kong courts and the extent of assistance it may grant.  In doing so, the Court recognised restructuring proceedings commenced in the Mainland, clarified the distinction between “recognition” and “assist

In a recent decision, the Hong Kong Court ordered the winding up of Jingrui Holdings Limited (the "Company"), a Hong Kong-listed Chinese property developer incorporated in the Cayman Islands.