Dentons Hong Kong LLP secured an important judgment for foreign insolvency practitioners from the Hong Kong Court on 20 January 2026, regarding recognition of office holders in the context of restructuring (as opposed to liquidation/winding-up) of a company, which will potentially have significant implications both in Hong Kong and elsewhere in the common law world.
在 Re Lu Zhonglou[2025] HKCFI 6165 一案中，林泽明聆案官以债权人在申请准许呈请破产令及申请替代送达命令时，未有履行“充分及坦诚披露”的义务为由，撤销破产令并驳回破产呈请。
重要事实与背景
吕先生自约 2010 年起一直是呈请人赌场的长期客户。2021 年 12 月，他签署一份信贷协议，获批可观的博彩信贷，其后新加坡法院就相关欠款作出判决。该判决其后在香港根据外地判决登记制度注册并部分清偿，仍有约 7,080 万港元未偿还。呈请人其后送达法定要求书，并以单方面方式取得准许呈请破产令及替代送达命令；吕先生于 2025 年 4 月被宣告破产，其后以送达存在缺陷及重大不披露为由，申请撤销破产令。
2026 will see an increase in Hong Kong disputes over fraud claims, cryptocurrency and insolvency, greater judicial collaboration with mainland China, and further digital transformation of local court processes, according to the firm's Hong Kong litigation team.
"Hong Kong commercial litigation continues to deliver landmark decisions with global impact," said the firm's Head of China and local litigator Jojo Fan.
Introduction
The Supreme Court of New South Wales has clarified the circumstances in which a liquidator may recover deposit funds paid to a third party and the extent to which a counterparty may rely on the good-faith defence under section 588FG of the Corporations Act 2001 (Cth).
Bankruptcy Petition Dismissed: Court Reaffirms Low Threshold for Demonstrating Debtor’s Intention to Arbitrate In Resisting a Bankruptcy Petition
Introduction
Overview
In a recent judgment in Target Insurance Company Limited v Nerico Brothers Limited & Lee Cheuk Fung Jerff [2025] HKCA 1024 the Court of Appeal has clarified that a director can be made personally liable for the costs incurred by a company under their control and that unreasonably opposes its winding up.
Background
In a recent decision, Deputy High Court Judge Gary CC Lam dismissed an application to strike out an unfair preference claim brought by the liquidators of RZ3262019 Limited. The judgment provides a significant analysis of issue estoppel, particularly on the novel question of how an issue is characterised when a foreign court has applied a different, higher standard of proof.
Background
2025年8月11日，香港高等法院法官陈静芬对华南城控股有限公司（以下简称“华南城”）下达清盘令。根据路透社报道，华南城是自2021年中国房地产行业陷入债务危机以来，首家在香港被清盘的国有背景房地产开发商。
背景
华南城及其子公司集团（以下简称“集团公司”）是在内地8个主要城市以品牌名称“华南城”运营大型综合物流与交易中心的房地产开发商。
此前，香港法院已两次延期华南城清盘申请的聆讯，然而，香港法院拒绝了本案聆讯的第三次延期请求，并基于以下理由，勒令华南城即时清盘：