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ARTICLE · 03 SEPTEMBER 2024

Key Takeaways: Monetizing Distressed Assets In Hong Kong

Withers LLP
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The discussion, led by Justin Yip (Singapore), Gary Leung (Hong Kong), and Lam Zhen Yu (Singapore), provided valuable insights for restructuring and insolvency practitioners.

GlobalInsolvency/Bankruptcy/Re-Structuring
Justin Yip
Justin Yip
Gary Leung
Gary Leung
Zhen Yu Lam
Zhen Yu Lam
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In line with the INSOL International Singapore Seminar, during the Singapore Convention Week 2024, Withers hosted a session titled "Blueprint to Monetization of Distressed Assets in Hong Kong".

The discussion, led by Justin Yip (Singapore), Gary Leung (Hong Kong), and Lam Zhen Yu (Singapore), provided valuable insights for restructuring and insolvency practitioners.

Key insights from the discussion:

  • Recent restructuring and insolvency developments in Hong Kong: We explored significant changes in Hong Kong's legal landscape that impact asset recovery actions against debtors, highlighting the evolving dynamics practitioners must navigate. For example, the use and enforceability of keepwell deeds, the implication of recognizing cryptocurrencies in insolvency context and the liquidation of China Evergrande.

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