In brief

From a civil litigation and insolvency perspective, we look at the key impacts of the Hong Kong Courts’ recent General Adjournment of Proceedings (GAP) from 7 March 2022 to 11 April 2022 and related governmental closures.

Key takeaways

  1. The recent implementation of GAP has resulted in a de facto stay of new actions and proceedings, and adjournment of existing actions, including bankruptcy and winding-up petitions.
  2. While monitoring the GAP situation, debtors and creditors should consider out-of-court options including voluntary liquidations, turnaround and restructurings.
  3. Court users should be prepared for backlogs and delays when court business incrementally resumes after GAP.

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Author

Partner, Hong Kong
Email: Kwun-Yee Cheung

Author

Associate, Hong Kong
Email: Rachel Hui