简介

香港法院在香港将外国注册公司清盘的法定司法管辖权，受到法院自设的限制所规限；该等限制被称为法院行使上述司法管辖权之前所须符合的三大核心要求。

最近在Re Guoan International Ltd[2023] HKCU 939一案中，原讼法庭（「原讼庭」）需考虑是否将一间已被其注册地点的法院清盘的外国注册公司清盘。

案情

国安国际有限公司（「该公司」）的债权人Road Shine Developments Limited（「呈请人」）于2022年12月2日向香港法庭提出呈请，请求发出将该公司清盘的附属命令。该公司于开曼群岛注册成立，于2022年2月28日被开曼群岛大法院清盘，而袁子俊先生及Martin Trott先生于同日获委任为其清盘人（「共同清盘人」）。反对呈请的债权人Chong Chin先生及Yao Sze Ling女士（统称「反对债权人 」）基于两个主要理由反对呈请：

Like debtors, bankruptcy trustees, official committees, examiners, and estate-compensated professionals, foreign representatives in chapter 15 cases have statutory reporting obligations to the bankruptcy court and other stakeholders as required by the plain language of the Bankruptcy Code. Such duties include the obligation to keep the U.S. bankruptcy court promptly informed of changes in either the status of the debtor's foreign bankruptcy case or the status of the foreign representative's appointment in that case. Furthermore, chapter 15 provides a U.S.

In In re Global Cord Blood Corp., 2022 WL 17478530 (Bankr. S.D.N.Y. Dec. 5, 2022), the U.S. Bankruptcy Court for the Southern District of New York denied without prejudice a petition filed by the joint provisional liquidators for recognition of a "winding-up" proceeding commenced under Cayman Islands law.

In Short

The Situation: Insolvency officeholders increasingly find their investigations into a company's affairs frustrated by the comingling of records on a "group" server. Claims to privilege by other group entities (or even third parties) are then advanced as an obstacle to delivering company records to the officeholder, leading to expensive and logistically complex inspection and review processes that can be a burden on insolvent estates.

Introduction

When a company encounters financial difficulty, one of the ways to restructure its debts is by entering into a scheme of arrangement with its creditors. Under section 673 of the Companies Ordinance (Cap. 622), the Court may sanction a scheme of arrangement. The sanctioned scheme will be binding on the company and the creditors or class of creditors with whom the arrangement is proposed to be entered into.

簡介

一間公司陷入財政困難時，其中一個重組債務的方法是與債權人訂立債務償還安排（scheme of arrangement）。根據香港法例第622章《公司條例》第673條，法院有權認許債務償還安排。經法院認許的債務償還安排將對公司及擬訂立該安排的債權人或類別債權人具有約束力。

最近在Re Hong Kong Airlines Limited(香港航空有限公司) [2022] HKCFI 3792一案中，法院需考慮是否認許香港一間大型航空公司提出的債務償還安排計劃。

案情

香港航空有限公司（「該公司」）是一間提供客貨空運以及其他航空相關服務的香港公司。由於新冠病毒疫情對航空業界造成嚴重打擊，該公司的現金流周轉不靈，合共欠債約490億港元。除非該公司能將現時債務重組，否則很可能清盤。

简介

一间公司陷入财政困难时，其中一个重组债务的方法是与债权人订立债务偿还安排（scheme of arrangement）。根据香港法例第622章《公司条例》第673条，法院有权认许债务偿还安排。经法院认许的债务偿还安排将对公司及拟订立该安排的债权人或类别债权人具有约束力。

最近在Re Hong Kong Airlines Limited(香港航空有限公司) [2022] HKCFI 3792一案中，法院需考虑是否认许香港一间大型航空公司提出的债务偿还安排计划。

案情

香港航空有限公司（「该公司」）是一间提供客货空运以及其他航空相关服务的香港公司。由于新冠病毒疫情对航空业界造成严重打击，该公司的现金流周转不灵，合共欠债约490亿港元。除非该公司能将现时债务重组，否则很可能清盘。

Even before chapter 15 of the Bankruptcy Code was enacted in 2005 to govern cross-border bankruptcy proceedings, the enforceability of a foreign court order approving a restructuring plan that modified or discharged U.S. law-governed debt was well recognized under principles of international comity. The U.S. Bankruptcy Court for the Southern District of New York recently reaffirmed this concept in In re Modern Land (China) Co., Ltd., 641 B.R. 768 (Bankr. S.D.N.Y. 2022).

Introduction

The UK Supreme Court has recently delivered a landmark decision in the case of BTI 2014 LLC v Sequana S.A. [2022] UKSC 25. The decision is of great importance as the Supreme Court considered in detail whether the trigger for the directors’ duty to consider creditors’ interest is merely a real risk, as opposed to a probability of or close proximity to, insolvency.

Background

簡介

英國最高法院最近在BTI 2014 LLC v Sequana S.A. [2022] UKSC 25一案中頒下了重要裁決，其重要之處在於最高法院深入探討了董事考慮債權人權益的責任，是只需出現真正的無力償債風險便已觸發，還是在相當可能或瀕臨無力償債時才觸發。

背景

本案的第二及第三答辯人為AWA公司（「該公司」）的董事。於2009年5月，他們安排該公司向該公司唯一股東（「第一答辯人」）派發1.35億歐元的股息（「該股息」），以抵銷第一答辯人結欠該公司的債務。該公司在支付該股息時，其資產負債表及現金流均處於具償債能力的狀況。然而，該公司有一項與污染相關而金額未定的長期或然負債，導致該公司產生未來可能無力償債的真正風險。