Summary
Australia, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, Herbert Smith Freehills LLP, Share (finance), Public company
Summary
Summary
Australia, Insolvency & Restructuring, Insurance, Litigation, Herbert Smith Freehills LLP, Class action, Investment management, Lehman Brothers
Foreign companies are frequently used to hold assets or other investments in Hong Kong. Some of these foreign companies are not registered under Part XI of the Companies Ordinance (“CO”) (“Unregistered Companies”). There are various reasons for not registering foreign companies in Hong Kong, including confidentiality and tax benefits. However, there may be some drawbacks to this approach.
Hong Kong, Company & Commercial, Insolvency & Restructuring, King & Wood Mallesons, Shareholder, Liquidation, Holding company
There have recently been a number of significant developments in relation to schemes of arrangement. These include:
- the Federal Court refusing to make orders convening a meeting of CSR’s shareholders to vote on a demerger proposal by way of scheme, on public policy and commercial morality grounds relating to CSR’s potential asbestos liabilities
- the Government’s corporate law advisory body recommending significant reforms to the scheme regime, and
- developments regarding ‘hostile schemes’.
Each of these developments is discussed below.
Australia, Insolvency & Restructuring, Herbert Smith Freehills LLP, Shareholder, Renewable energy, Interest, Liability (financial accounting), Due diligence, Voting, Federal Court of Australia