2023 saw mixed messages for holders of offshore bonds issued by Chinese issuers hoping to enforce on the mainland, good news for lenders benefitting from “hybrid” jurisdiction clauses and a degree of uncertainty being seen in the Hong Kong courts as to whether an agreement to arbitrate should always take precedence over a winding up petition, particularly where cross-claims are involved.
Our review of 2023 brings you right up-to-date with the latest developments in restructuring and insolvency law in Hong Kong and the mainland.
Download Hogan Lovells Hong Kong & PRC Restructuring & Special Situations 2023 Year in Review.
Hogan Lovells Restructuring & Special Situations Team
Hogan Lovells Restructuring & Special Situations team in APAC consists of an integrated and diverse team of finance, corporate, restructuring and litigation lawyers. We provide clients with bold and commercial solutions across the full range of finance, restructuring and special situation issues, including complex cross-border transactions involving debt rescheduling, refinancing and enforcement scenarios.
Our office in the Shanghai Free Trade Zone was established in 2016 in association with Fujian Fidelity Law Firm and allows us to offer integrated international and domestic Chinese legal advice and the ability to appear before the Chinese courts. We are one of very few international firms with such a licence.
Authored by Jonathan Leitch, Andrew McGinty, Suyu Yuan, Nigel Sharman, and Eleanor Winn.