Seeking an injunction to restrain the winding-up of a foreign company in Hong Kong? The burden is high

Silver Starlight Limited v China CITIC Bank Corporation Limited, Tianjin Branch &Others[2021] HKCA 1248

Filed under:
Hong Kong, Insolvency & Restructuring, Litigation, ONC Lawyers, Privatisations
Authors:
Ludwig Ng , Ivy Wang
Location:
Hong Kong
Firm:
ONC Lawyers
Guidance on Concert Parties’ Vote in Privatisation Schemes: Re Cosmos Machinery

In Re Cosmos Machinery Enterprises Ltd [2021] HKCFI 2088, Mr Justice Harris corrected some privatisation scheme practice and issued the following guidance:

(1) Rule 2.10 of the Code on Takeovers and Mergers (“Rule 2.10”) did not prevent offeror concert parties from voting on privatisation schemes.

Filed under:
Hong Kong, Insolvency & Restructuring, Litigation, Des Voeux Chambers, Privatisations
Authors:
Look-Chan Ho
Location:
Hong Kong
Firm:
Des Voeux Chambers
Future NPL portfolio sales in Bulgaria could attract international investors

The sale of portfolios of non-performing loans (NPLs) in Bulgaria is once again a hot topic. Lenders expect the percentage of work-out exposures to increase as the government's various stimulus packages come to an end. However, following a multitude of successful portfolio NPL sales in the years prior to COVID-19, more and more international investors are expressing interest in the local market.

What does this mean for NPL portfolio sales in Bulgaria?

There are several factors that will play a major role in the future of NPL portfolio sales in Bulgaria:

Filed under:
Bulgaria, European Union, Banking, Insolvency & Restructuring, Litigation, CMS Legal, Coronavirus, Non-performing loans, Privatisations
Authors:
Ivan Gergov , Berdzh Draganov
Location:
Bulgaria, European Union
Firm:
CMS Legal