Singapore

Hong Kong has established itself as an important hub for cross-border restructuring and asset recovery, both across the Asia-Pacific region and for companies with interests in the People’s Republic of China (PRC) in particular. However, it takes deep local knowledge to navigate the Chinese legal system. Equally important is the international collaboration needed to deal with complex cross-border entity structures, many of which stretch from the Far East to offshore centres around the globe. Here we share top tips for securing a successful outcome in the challenging cross-border restructuring and asset recovery arena that centres around Hong Kong.

With a familiar and trusted legal system and mutual recognition of international judgements under the United Nations Commission on International Trade Law (UNCITRAL) Model Law, Singapore has established itself as a leading hub for restructuring across the Asia-Pacific region. However, with so many cases involving complex multinational corporate structures, along with suspected asset concealment and fraud, both local expertise and international collaboration with regional expertise, are critical. Drawing on a series of real-life cases, we look at how to secure a successful outcome in this challenging restructuring and asset recovery arena.

Default and insolvency risks are mounting right across the Asia-Pacific region. However, investors’ and creditors’ efforts to preserve value and recover assets can be hampered by opaque legal processes and complex cross-border entity structures, many of which stretch from the Far East and South East Asia to offshore centres around the globe. So how can you as an investor or creditor boost your chances of recovery? In the first in a series of articles focusing on insolvency and restructuring in the interconnected Asia-Pacific corridor, we look at why a combination of local knowledge, international collaboration and hands-on intervention are so critical in securing the right result.