Blog

Harneys Litigation and Restructuring Seminar took place at Eaton Club in Hong Kong on Monday 14 October 2019.

On 23 September 2019, the English High Court, sitting at the unprecedented time of 1 a.m., made orders immediately winding up the Thomas Cook travel group. In a high profile decision which will be of interest to Cayman insolvency practitioners, the English High Court were asked by the applicants (the directors of the company) to make urgent orders to place the group into liquidation and to dispense with the normal requirement of publishing notices regarding the application.

Harneys partner Paula Kay interviewed some of Hong Kong’s most notable restructuring professionals who are attending events surrounding Hong Kong Restructuring Week from 14 to 18 October 2019.

Harneys partner Julie Engwirda interviewed some of Hong Kong’s most notable restructuring professionals who are attending events surrounding Hong Kong Restructuring Week from 14 to 18 October 2019.

In a recent important decision of the Grand Court of the Cayman Islands, the Court ruled on the test applicable for interim distribution of liquidation estate assets where a proprietary claim is being litigated against the estate. The ruling is the latest in a long line of decisions related to the Saad litigation which are shaping the legal landscape in the Cayman Islands.

In the first of its kind, the US Bankruptcy Court granted Chapter 15 recognition of insolvency proceedings commenced at the People’s Court of Chaoyang District in the PRC pursuant to the Enterprise Bankruptcy Law.