From restructurings to cross-border insolvency proceedings, legal frameworks in Hong Kong and Taiwan are evolving to help businesses respond to financial challenges
HK charging order absolute affirmed despite liquidation in BVI
Jingtian & Gongcheng’s dispute resolution team secured an important victory for a creditor client (the applicant) with the landmark dismissal of an appeal by the debtor (the second respondent) against a charging order absolute over its significant shareholding in a Hong Kong-listed company.
The Hong Kong High Court ruled that the second respondent could not rely on ongoing foreign insolvency proceedings in the British Virgin Islands (BVI) – which have yet to be recognised in Hong Kong – to shield…