Ⓒ Nishimura & Asahi 2021 - 1 - 執筆者： E-mail 杉山 泰成 E-mail 坂本 龍一 Ⅰ はじめに ファクタリングは売掛その他の金銭債権を利用した資金調達手段としてメジャーなものであり、昨年来の新型コロナウイルス感 染症の広がりの影響を受けてはおりますが、世界的にその市場規模は拡張を続けており、FCI(Factors Chain International)によれ ば、アジア地域の市場規模は約 6400 億ユーロであり、これは世界市場の約 25%を占めます。アジア地域の中でも、中国の規模は 約 4330 億ユーロと圧倒的ですが、それを除けば、日本が約 500 億ユーロなのに対して、面積としては遙かに小さい香港が日本 に匹敵する約 450 億ユーロの市場規模を持つなど 1 、大変ファクタリングが盛んな地域であることが分かります。本ニューズレター では、このようなファクタリング市場としての香港の重要性を踏まえ、香港においてファクタリングビジネスを行われるに際して留意 すべき香港の債権流動化に係る法制度についてご紹介します。
Introduction
In the recent case of Chau Cheok Wa v CT Environmental Group Ltd [2021] HKCFI 2602, the Court of First Instance (“Court”) reiterated that for appointment of provisional liquidators pending determination of a winding-up petition, an applicant must establish that there is a good prima facie case for winding-up order at the hearing of the petition and it is right that a provisional liquidator should be appointed in light of the circumstances of the case.
Background
The decision raises new questions about whether cross-border insolvency recognition and assistance between mainland China and Hong Kong will be a two-way street.
On 16 September 2021, the Hong Kong Court made an unprecedented ruling by recognising, for the first time, proceedings for the reorganisation of the HNA Group Co Limited (‘Company‘) commenced in Mainland China under the Mainland Enterprise Bankruptcy Law (‘Mainland Reorganisation Proceedings’) (Re HNA Group Co Limited [2021] HKCFI 2897).
The Hong Kong Court has broken yet more new ground by recognising Mainland reorganisation proceedings for the first time in Re HNA Group Co Limited [2021] HKCFI 2897.
海航集团有限公司（于中国内地重整） [2021] HKCFI 2897（裁决日期：2021 年 9 月 16 日）
前言
海航集团有限公司（一家总部设在海南的大型企业，下称“公司”）的内地重整程序最近在香港获得认可。这是香港法院首次向 内地重整程序的破产管理人颁发认可令的案例。
In Australia, s 436A of the Corporations Act 2001 (Cth) (Act) provides for the circumstances in which a company may appoint a voluntary administrator. This provision requires the company’s board to resolve that: (a) in the opinion of the directors voting for the resolution, the company is insolvent, or is likely to become insolvent at some future time; and (b) an administrator of the company should be appointed.
Heidi Chui, Stevenson, Wong & Co
This is an extract from the 2022 edition of GRR's the Asia-Pacific Restructuring Review. The whole publication is available here.
In summary
Passing the Golden Thread through the Eye of a Needle In Singularis 1 , as is well known, the Privy Council Board considered the doctrine of modified universalism whereby, broadly speaking, a court will give such assistance as it can to foreign insolvency proceedings, as is consistent with local law and local public policy, so as to ensure that a company's assets are distributed under a single system; and held by a majority that there is a common law power to assist a foreign insolvency, although the power could not be used to enable foreign liquidators to do something that they could not d