Korea M&A Corporation

The insolvency law in Hong Kong, China is contained in the Companies Ordinance, the Bankruptcy Ordinance and the Companies (Winding-up) Rules. It is based on the law of the United Kingdom, prior to the introduction of the Cork Report. Like the regimes in Australia and New Zealand – also UK-based jurisdictions – it is generally creditor friendly. Out-of-court restructuring, schemes of arrangement..