Revisiting The Reform For Corporate Rescue Procedure

Mondaq Business BriefingHong Kong Law Articles in English (2010)

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Revisiting The Reform For Corporate Rescue Procedure

Unlike in countries like the America, UK and Australia, there are very limited legal mechanisms available to a company in Hong Kong to rescue itself from financial distress. The options currently available in Hong Kong to rescue a company include one of the following 3 options :-

a "non-statutory arrangements" ...

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