The New Cross-Border Arrangement Between Hong Kong and Mainland China on Insolvency and Restructuring Matters A Comparison with Chapter 15 of the United States Bankruptcy Code – JD Supra

Liquidation

On May 14, 2021, the Department of Justice of the government of the Hong Kong Special Administrative Region announced that the Secretary for Justice of Hong Kong and the Vice-president of the Supreme Peoples Court (the SPC) had signed the Record of Meeting on Mutual Recognition of and Assistance to Bankruptcy (Insolvency) Proceedings between the…

Radical plan for the Australian government to buy back Qantas three decades after it was privatised – Daily Mail

Liquidation

Radical plan to BUY BACK Qantas for $9 billion so passengers aren’t ripped off – with national carrier now dominating Australia’s skies Transport Workers Union wants federal government to nationalise Qantas The flying kangaroo airline has a 74 per cent domestic travel market share This means there is little competition allowing Qantas to up its…

Western Australia security of payment reforms set to create subcontractor uncertainty – Out-Law.com

Liquidation

Instead, the Building and Construction Industry (Security of Payment) Bill 2021 is likely to increase legal uncertainty in the construction sector, spur an increase in contractor claims and add to the administrative burdens associated with major projects. Why are reforms proposed? The Western Australian (WA) government plans to introduce new security of payment regime in…

Capital Markets report: Insolvency experts spending more time advising than handling liquidation applications – New Zealand Herald

Liquidation

The number of insolvencies for the year ending June is expected to drop by 40 per cent both here and in Australia. Photo / Getty Images When the Covid-19 lockdown occurred in March of last year, insolvency practitioners braced themselves for a wave of receiverships and liquidations. It didn’t happen. In fact, the number of…