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Month: August 2021

A new chapter in cross-border insolvency: the first application by Hong Kong liquidators for recognition and assistance in Mainland China

On 14 May 2021, a cooperation mechanism was established between the Mainland and Hong Kong in the form of the Record of Meeting of the Supreme People's Court and the Government of the Hong Kong Special Administrative Region and Mutual Recognition of and Assistance to Bankruptcy (Insolvency) Proceedings between the Court of the Mainland and the Hong Kong Special Administrative Region and the Supreme People’s Court’s Opinion on taking forward a pilot measure in relation to Recognition and Assistance to Bankruptcy (Insolvency) Proceedings in the Hong Kong Special Administrative Region (the “SPC Opinion”).

Chris Wong Speaks on Panel at TechLaw. Fest 2021

Executive Partner Chris Wong will speak on a panel on AML/CFT Regulatory Compliance and Risk Management by Law Firms in the Digital Age at TechLaw.Fest 2021’s event on 22nd September 2021. The panel will explore the issues faced by law firms in managing their AML/CFT risks and compliance obligations.

Gall Obtains Proprietary Injunction over Shares in Lunan Pharmaceutical Group Corporation

Gall recently obtained a proprietary injunction in Hong Kong for its clients, Ms Zhao Long and a British Virgin Islands (“BVI”) company Endushantum Investments Co., Ltd. (“Endushantum”) in a complex cross-border dispute involving the shareholdings in Lunan Pharmaceutical Group Corporation (“Lunan”), a significant PRC pharmaceutical company, and other group companies (collectively, the “PRC Shares”).