Insolvency

Nick Gall Featured in Hong Kong Economic Times Articles

Senior Partner Nick Gall has been featured in three Hong Kong Economic Times articles where he shares insights on the firm’s strategy, future plans and market trends, Gall’s involvement in the Cyberworks matter earlier this year (advising on Hong Kong’s first-ever telephonic court hearing), and insights on the firm’s approach to hiring and retaining staff.

Insolvencies in Hong Kong in a post-COVID-19 World

COVID-19 has created unforeseen challenges to businesses all over the world, resulting in many companies being unable to survive the pandemic. Hong Kong has been no exception. In Hong Kong, according to data published by the Hong Kong Government’s Official Receiver’s Office, in the first seven months of the year, 5219 compulsory bankruptcy petitions and 247 compulsory winding-up petitions were presented, representing 13.7% and 5.1% year-on-year increase respectively. The effect of COVID-19 may yet be fully reflected by these figures.

Gall Hosts Insolvency Webinar with Lexology on 11th June, 2020

COVID-19 has created unforeseen challenges for businesses all over the world with an impact so far-reaching that several organisations are no longer able to survive. Governments have swiftly enacted relief measures but the financial consequences of the pandemic on businesses is unprecedented. Some common law jurisdictions have created new insolvency law measures to tackle the uphill struggle businesses face, but what rescue options are available in Hong Kong?