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Avoidance rights in Hong Kong

Hong Kong is a common law jurisdiction, and its legal system is based on English law. Following Hong Kong’s handover to China on 1 July 1997, the Basic Law of Hong Kong is the constitutional document of the Hong Kong Special Administrative Region. Article 8 of the Basic Law provides that: “laws previously in force in Hong Kong, that is, the common law, rules of equity, ordinances, subordinate legislation and customary law shall be maintained, except for any that contravene [the Basic Law], and subject to any amendment by the legislature of the Hong Kong Special Administrative Region.”

Hong Kong, Insolvency & Restructuring, Litigation, CMS Cameron McKenna Nabarro Olswang LLP
Pre-pack insolvency and restructuring options in Hong Kong

Hong Kong is the only common law jurisdiction within the People’s Republic of China and one of the few financial centres in the world without a formal rescue mechanism in its legislation. Hong Kong has not enacted legislation to recognise corporate rescue over simple liquidation.

Hong Kong, Insolvency & Restructuring, Litigation, CMS Cameron McKenna Nabarro Olswang LLP, Insolvency
On Creditors’ Committees: Don’t Forget to Change Your Hat when Sitting as a Committee Member

Michael Traison Chicago/NYC – 312.860.4230

Michael Kwiatkowski Garden City – 516.296.9144

USA, Insolvency & Restructuring, Litigation, Cullen and Dykman LLP, US Department of Justice
Don’t Miss the Bar Date! The Importance of Timely Filing Bankruptcy Proofs of Claim

When a debtor files bankruptcy, bankruptcy attorneys and creditors are well aware of the importance of assessing the need for creditors to file proofs of claim and making sure that proofs of claim are timely filed.

USA, Insolvency & Restructuring, Litigation, Cullen and Dykman LLP