Lawyers lobby for a HK rescue regime

Author: | Published: 12 Dec 2008

As Asian companies begin to 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....