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Changing the legal representative in China is about to become much easier

One of the key challenges for creditors in taking control of a mainland Chinese company in an enforcement type situation is how to remove the “legal representative”. New...

Insights and Analysis

Debt for equity swaps in private equity backed companies financed by private debt funds

Is it Groundhog Day for private equity backed companies struggling to cope with higher interest rates, or is it different this time? The attempts to curb inflation flowing from the...

News

UK Government introduces Bill to reverse UK Supreme Court PACCAR ruling

The Bill is intended to restore the previous status quo in which litigation funding agreements were distinct from damages-based agreements and were not required to comply with additional...

News

New York’s bill on sovereign debt stability – A potential game changer for emerging market sovereign debt

New York State lawmakers are proposing a bill known as the Sovereign Debt Stability Act (Assembly Bill A2970A/Senate Bill S5542A) which aims to fundamentally alter the landscape of...

News

Not set in stone – Hong Kong court approves post-implementation modifications to scheme of arrangement

The Hong Kong High Court has given a rare order for modifications to a scheme of arrangement after it had been implemented incorrectly by the scheme administrators. Drawing on instances in...

News

Marginal Grains - Frozen out in Odessa

Madison Pacific Trust Limited v (1) Sergiy Groza and (2) Volodomyr Naumenko ([2024] EWHC 267).On 8 February 2024, the High Court delivered judgment against two individuals who applied to...

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Liquidator knows best - Hong Kong court rejects bid to force information disclosure on funding and strategy

A Hong Kong court has rejected a bid to force liquidators to provide information and documents regarding their plans and strategies on related litigation as well as information on legal...

News

Adler on Appeal – Adler plan set aside in first ever appeal of an English restructuring plan

On 23 January 2024, the English Court of Appeal set aside the April 2023 order of the High Court sanctioning the English Part 26A restructuring plan (the “Plan”) proposed by...

News

Insolvency in a modern age – Official Receiver filing changes now in force in Hong Kong

New statutory provisions have come into effect that will modernise the way documents are filed with the Official Receiver in Hong Kong. The changes, which took place on the last working day ...

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