RESTRUCTURING OF LARGE ASIAN COMPANIES IN FINANCIAL DISTRESS

It is widely accepted that the goal of restructuring law for companies in financial distress is to minimize the agency costs of restructurings, which arise due to frictions from the relationships among creditors and shareholders and also among creditors. In the last two decades, several jurisdictions around the world have reformed or are considering reforming their insolvency and restructuring laws in order to promote legal regimes that are conducive to restructuring of economically viable companies but in financial distress. Many jurisdictions, including significant economies in Asia, have court-supervised restructuring frameworks that are drawn from the United States (US) Chapter 11 of the Bankruptcy Code and/or the United Kingdom (UK) schemes of arrangement.

Focusing on the case studies of four Asian jurisdictions, Singapore, Hong Kong, Mainland China and India, which have transplanted to various extends the US-/UK-style systems, Prof Wan will address how the legal transplantation has worked well or not in view of the differences in stakeholder relationships between US/UK and the Asian jurisdictions.

By Professor WAN Wai Yee

Associate Dean (Research and Internationalization) and Professor, School of Law, City University of Hong Kong

Event Schedule:

• 12:30pm Welcome & Introductions
• 12:40pm Presentation
• 1:40pm Q&A
• 2:00pm End of Event

Note:

• 1.5 SILE Public CPD Points
• Practice Area: Corporate/Commercial
• Training Level: Intermediate

Purchase Prof Wan’s book at:

https://www.bloomsbury.com/uk/courtsupervised-restructuring-of-large-distressed-companies-in-asia-9781509952335/  with this 20% discount code “GLRT5TUK”. 

SILE ATTENDANCE POLICY

Participants who wish to obtain CPD  Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organizer, and not being away from the entire activity for more than 15 minutes.  Participants who do not comply with the  Attendance Policy will not be able to obtain CPD Points for attending the activity.  Please refer to http:// www.sileCPDcentre.sg for more information.

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