14 Jul 2021

Going concerns - July 2021

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In this edition of the Going concerns, our Stephenson Harwood restructuring and insolvency team provides a brief update on the newest developments in Singapore, UK and Hong Kong. For Singapore, we update on the “conflict” between the admiralty and insolvency regimes while our London team provides an update on the cutting-edge Part 26A restructuring plans. Last but certainly not least, our Hong Kong team dissects and discusses the significance and impact of the new cooperation mechanism for Hong Kong liquidators and Mainland administrators to seek mutual recognition and assistance.

Content

  • Admiralty winning? – Scheme/ judicial management versus the admiralty regime
  • Quick bites of the Simplified Insolvency Programme for micro and small companies
  • Winding up test clarified
  • New restructuring tools in the UK
  • Expansion of the Hong Kong restructuring and insolvency market – Mutual recognition and assistance to Insolvency/Bankruptcy Proceedings between Hong Kong and Greater China

If you have any comments or would like to learn more about any topic, please feel free to contact us.

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KEY CONTACT

Ian Benjamin

Ian Benjamin
Partner

T:  +44 20 7809 2286 M:  +44 7921 472 238 Email Ian | Vcard Office:  London

Jamie Stranger

Jamie Stranger
Office managing partner Greater China

T:  +852 2533 2780 M:  +852 9354 4481 Email Jamie | Vcard Office:  Hong Kong

Alexander Tang

Alexander Tang
Partner

T:  +852 2533 2881 M:  Email Alexander | Vcard Office:  Hong Kong

Lauren Tang

Lauren Tang
Partner at Virtus Law

T:  +65 6835 8664 M:  Email Lauren | Vcard Office:  Singapore

Stephanie Poon

Stephanie Poon
Senior associate

T:  +852 2533 2842 M:  Email Stephanie | Vcard Office:  Hong Kong

Karis Yip

Karis Yip
Senior associate

T:  +852 2533 2703 M:  Email Karis | Vcard Office:  Hong Kong

Katherine Hudson

Katherine Hudson
Associate

T:  +44 20 7809 2698 M:  Email Katherine | Vcard Office:  London

Chit Yee Ooi

Chit Yee Ooi
Associate at Virtus Law

T:  +65 6661 6892 M:  +65 9829 9386 Email Chit Yee | Vcard Office:  Singapore

Yi Lei Tan

Yi Lei Tan
Associate at Virtus Law

T:  +65 6661 6527 M:  +65 9800 6288 Email Yi Lei | Vcard Office:  Singapore