After years of lobbying to provide corporates with an
alternative to liquidation or informal restructurings, the Hong
Kong government has launched a consultation paper on enacting a
corporate rescue regime.
consultation paper from the Financial Services and Treasury
Bureau is based on proposals made in 2001. It seeks industry
comment (by January 28 2010) on a stay of enforcement, director
liability and employee compensation.
Employees should generally be no worse off than in the