The Corporate Rescue Bill

Although long overdue, a statutory corporate rescue regime has yet to appear in Hong Kong. A distressed company continues to be faced with the precarious task of trying to agree restructuring plans with creditors. Attempts at compromise can be thrown out the window at any time by a winding-up petition which kills off the business. With the challenges which the COVID pandemic has brought about, at no time has it been more urgent to give, by law, breathing space to businesses to survive and revive.

This webinar addressed the present state of play in Hong Kong’s companies legislation, with the government’s announcement last year of its plan to introduce the Companies (Corporate Rescue) Bill.