Lawyers lobby for a Hong Kong rescue regime

Author: | Published: 1 Feb 2009

As companies feel the pinch, the calls for a pre-insolvency regime in Hong Kong are getting louder.

"We're actively lobbying for a rescue regime. It used to be said that it didn't really matter as you could get a consensual restructuring, but over the past few months we've seen companies tip into liquidation very quickly," said one restructuring partner.

Hong Kong does...

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