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Case review 25/05/2021
Mutual recognition and assistance in cross-border insolvency proceedings between mainland and Hong Kong
One of Chinese historian Ray Huang’s most well-known books was titled “1587, A Year of No Significance”. In the book, he examined a series of insignificant goings on in 1587, being the mostly uneventful 15th Year in the reign of Ming Dynasty Emperor Wanli, and drew some larger historical narratives out of that.
The Legal 500 APAC 2021 results has seen Kennedys build on our 2020 achievements and confirmed the strength of the firm’s reputation across the region.
The launch of the 2021 edition of Chambers Asia-Pacific has seen Kennedys build on our 2020 achievements and confirmed the strength of the firm’s reputation across the region.
Supplemental arrangement concerning mutual enforcement of arbitral arrangement between Hong Kong and the Mainland
On 27 November 2020, the Secretary for Justice and the Vice President of the Supreme People’s Court signed the “Supplemental Arrangement Concerning Mutual Enforcement of Arbitral Arrangement between the Mainland and the Hong Kong Special Administrative Region” (the Supplemental Arrangement).
Kennedys is celebrating 20 years in Hong Kong, and is also moving to new offices.
Here is a story about a quintessentially Hong Kong form of “underground banking”. The mechanism typically starts with someone in Mainland China giving Renminbi to a third party in Mainland China for currency exchange.
Lesson learned: What shall creditors do if they wish to object to the bankrupt’s automatic discharge from bankruptcy
Section 30A of the Bankruptcy Ordinance (Cap. 6) (“BO”) provides a mechanism which allows a bankrupt to be automatically discharged from bankruptcy. However, such automatic discharge is subject to the objections raised by the trustees and/or creditors.
We are very pleased to once again be a global partner of Dive in, the international festival for diversity and inclusion in insurance.
Shortly after its “first of its kind” decision in Re CEFC Shanghai International Group Limited  HKCFI 167 delivered at the beginning of this year, the Hong Kong Court, in its most recent decision in Re Shenzhen Everich Supply Chain Co, Ltd  HKCFI 965, once again made an order recognising the liquidation of a PRC company (the “Company”) in the Mainland and the appointment of the Company’s administrator (the “Liquidator”) by the Shenzhen Court.