Hong Kong law firm discusses the provisional liquidation of a Bermuda company listed in Hong Kong, for restructuring purposes

http://www.mondaq.com/hongkong/x/578478/Insolvency+Bankruptcy/Hong+Kong+insolvency+law+update+A+happy+sequel+to+the+legendary+Legend+authority

The Bermuda Court’s judgment is available here: https://www.gov.bm/sites/default/files/Reasons-Re-Z-Obee-Holdings-Ltd-Appointment-of-JPLs.pdf

One oddity about the case is that the Bermuda Court did not consider it necessary or appropriate to appoint a Bermuda-resident Insolvency Practitioner on a joint basis with the Hong Kong-based professionals, as would ordinarily be desirable.

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