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Bringing corporate rescue laws to Hong Kong: a reform too big to fail?

journal contribution
posted on 2023-05-17, 07:40 authored by Ho, JKS, Price, R
In October 2009, the Financial Services and the Treasury Bureau of the Hong Kong Government published a consultation paper to review corporate rescue procedure with the aim of reforming key issues relating to corporate rescue. This article compares the proposed reform in Hong Kong and Australia's voluntary administration under Part 5.3A of its Corporations Act, and seeks to identify what the former can learn from the letter's model in reforming its corporate rescue framework. In the final analysis, it is argued that the experiences of Australia on the matter provide good insight for Hong Kong.

History

Publication title

Business Law International

Volume

12

Pagination

71-92

ISSN

1467-632X

Department/School

Faculty of Law

Publisher

International Bar Association

Place of publication

London

Rights statement

Copyright 2011 International Bar Association

Repository Status

  • Restricted

Socio-economic Objectives

Justice and the law not elsewhere classified

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