In brief

In the recent decisions in Re The Joint and Several Provisional Liquidators of Agritrade Resources Ltd (in Provisional Liquidation in Bermuda) [2020] HKCFI 1967 (HCMP 925/2020, 18 August 2020) (“Re Agritrade”) and Re The Joint and Several Provisional Liquidators of Rare Earth Magnesium Technology Group Holdings Ltd (in Provisional Liquidation in Bermuda) [2020] HKCFI 2260 (HCMP 1274/2020, 3 September 2020) (“Re Rare Earth”), Justice Harris re-affirmed the Hong Kong Companies Court’s willingness to recognise foreign provisional liquidators appointed on a soft-touch basis for restructuring purposes. The two cases also provide a timely reminder that recognition of foreign provisional liquidators from other common law jurisdictions for restructuring purposes is considered an accepted and increasingly common occurrence in Hong Kong.

Continue reading here.

Author

Partner, Hong Kong
Email: Kwun-Yee Cheung

Author

Associate, Hong Kong
Email: Rachel Hui

Author

Associate, Hong Kong
Email: Kevin Leung