Advised a trading group comprising three listed companies on a complex cross-border debt restructuring involving liabilities exceeding HK$20 billion and assets located across Hong Kong, Mainland China, the United Kingdom and the United States. The matter involved strategic advice on restructuring options, creditor coordination and the preservation of value across multiple jurisdictions.
Restructuring and Insolvency
We understand that financial distress demands swift, strategic, and commercially sound solutions tailored to your specific situation. It is our mission to navigate our clients through financial challenges and realize their objectives.
With deep experience advising Chinese corporations (including state-owned enterprises), foreign registered Companies and local Hong Kong Companies, our team is known for its pragmatic advice tailored to each client’s unique circumstances.
Our practice is designed to support corporate distress at all levels, from navigating our clients through early stages of creditor workouts, debt and corporate restructuring, to formal insolvency proceedings (including the liquidation of a company). We combine legal excellence with a keen understanding of the financial and operational hurdles faced by our clients to address immediate crises and facilitate long-term recovery. One of our teams has special expertise in defending directors against issues arising from insolvency.
Our services include:
- Pre-emptive negotiations: Designing and implementing consensual restructuring plans to avoid formal insolvency.
- Debt Reprofilings & Standstills: Renegotiation of contractual terms to align with cash flow realities.
- Scheme of arrangements & debt refinancing: Reaching amicable and binding solutions with creditors.
- Distressed M&A: Facilitating asset sales or acquisitions in insolvency contexts.
- Directors’ Advisory: Mitigating personal liability risks in distressed scenarios.
- Liquidation: A means of debt recovery and a form of disposal of a company.
Experiences
Advised an Amsterdam-based company on the restructuring and voluntary liquidation of its Hong Kong subsidiary, including the assessment of Hong Kong liquidation procedures and related corporate steps arising from Dutch tax planning and compliance considerations.
Advised a Chinese-based conglomerate involving distressed subsidiaries in Hong Kong, including the assessment of creditor exposure, intra-group liabilities and asset preservation strategies. The matter involved coordinating with stakeholders across multiple jurisdictions and advising on restructuring options to preserve business value and minimise enforcement risk.
Advised the directors of a global logistics company based in Thailand with subsidiaries in Hong Kong on insolvency risk, directors’ duties and potential restructuring options, including creditor negotiations, business continuity measures and alternatives to liquidation. The engagement involved providing practical guidance on mitigating personal liability while preserving the company’s operational value.