Let’s be civil: Hong Kong court recognises non-common law Japanese insolvency proceeding

In Re Kaoru Takamatsu [2019] HKCFI 802, [2019] HKEC 906, the Hong Kong Court of First Instance has recognised Japanese insolvency proceedings and granted assistance to a trustee in bankruptcy appointed by the Japanese Court.

Filed under:
Hong Kong, Japan, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, HSBC
Authors:
Gareth Thomas , Dominic Geiser , Philip Lis
Location:
Hong Kong, Japan
Firm:
Herbert Smith Freehills LLP
Bitcoin exchange Mt. Gox files for bankruptcy protection; may have broader implications for digital currency industry

In its bankruptcy filing under Japan's Civil Rehabilitation Law, Mt. Gox claims 6.5 billion yen, or around $64 million, in liabilities and 3.84 billion yen, or around $38 million, in assets.

Filed under:
USA, Banking, Insolvency & Restructuring, Internet & Social Media, Duane Morris LLP, Bankruptcy, Bitcoin
Authors:
James G. Schu, Jr. , Rudolph J. Di Massa, Jr. , Rosanne Ciambrone , Ron Oliner
Location:
Japan, USA
Firm:
Duane Morris LLP