Hong Kong court highlights COMI over place of incorporation when recognising foreign insolvency processes
By EsqSocial Corporation 05/08/22
The Hong Kong court has confirmed that – going forward – the court is ready to recognize and assist a foreign insolvency process conducted in the company’s center of main interests (COMI) and that it will no longer be necessary for the foreign insolvency process to be carried out in a company’s place of incorporation. The judgment sets out a practical roadmap for the future of cross-border insolvency in Hong Kong, where listed companies that use complex holding company structures find themselves...
By: Hogan Lovells