Introduction

Hong Kong's business landscape continues to evolve at pace. Against a backdrop of shifting market conditions, increased regulatory complexity, and mounting pressure on profitability, businesses are looking more critically than ever at how they are structured — and whether their current structures are truly fit for purpose.

In a significant ruling for shareholders, companies and directors, the Supreme Court has confirmed that unfair prejudice petitions under section 994 of the Companies Act 2006 (CA 2006) are not caught by statutory time limits imposed by the Limitation Act 1980 (LA 1980).

As China’s policy of opening up continues to advance into a new stage, an increasingly open, inclusive, and evolving investment environment has attracted a growing number of foreign enterprises to invest in the Chinese market. Many of these enterprises have formed strategic partnerships with Chinese companies, pursuing joint development and global expansion. Among the various entry mechanisms for foreign investors, the Joint Venture model remains one of the most significant forms of foreign investment in China. 

Overview. The first Bankruptcy Law was introduced in 1993 (“1993 Law”). It remained in place for 10 years and was replaced in 2003 (“2003 Law”). Subsequently, the National Assembly adopted an entirely new bankruptcy law in 2014 (“2014 Law”[1]).

The High Court has handed down its judgment in a preliminary issues trial in Yodel Delivery Network Ltd v Corlett & Ors on 19 December 2025, dismissing counterclaims by Shift Global Holdings Ltd (Shift) and Corja Holdings Ltd (Corja) for specific performance of purported share warrant rights, which they had said entitled them to more than 54% of Yodel’s issued share capital in the battle for control of the home delivery company.

Considering Company Liquidation in Poland?

As economic pressures mount and corporate distress becomes increasingly prevalent, lenders and borrowers alike are seeking proactive strategies to safeguard their interests without resorting to immediate enforcement action or commence other restructuring or insolvency proceedings. Whilst lenders typically prefer to avoid the costs and complexities of accelerating loans or enforcing security, they require effective mechanisms to monitor deteriorating financial positions of the borrower and maintain influence over critical business decisions. 

In Re Petrofac Ltd [2025] EWHC 2887 (Ch), the English High Court made an administration order in relation to a Jersey-incorporated company even though its registered office was not in England which is the starting point for determining COMI and therefore the Court’s jurisdiction to make such an order.

Background