Bringing Corporate Rescue Laws to Hong Kong: A Reform Too Big to Fail?

Business Law International, Vol. 12, No. 1, 71-92, 2011

22 Pages Posted: 19 Oct 2010 Last revised: 1 Jan 2014

See all articles by Kong Shan Ho

Kong Shan Ho

City University of Hong Kong (CityU) - School of Law; Kingston University, Department of Law; Manchester Metropolitan University - School of Law

Rohan Price

University of Tasmania - Faculty of Law; Dalian Maritime University Law School

Date Written: February 7, 2011

Abstract

In October 2009, the Financial Services and the Treasury Bureau of the Hong Kong government published a consultation paper to review corporate rescue procedure with the aim of reforming key issues relating to corporate rescue. This article compares the proposed reform in Hong Kong and Australia’s voluntary administration under Part 5.3A of its Corporations Act, and seeks to identify what the former can learn from the latter’s model in reforming its corporate rescue framework. In the final analysis, it is argued that the experiences of Australia on the matter provide good insight for Hong Kong.

Keywords: GFC, insolvency law, sub-prime, subprime, Greenspan, voluntary administration

Suggested Citation

Ho, Kong Shan and Price, Rohan B.E., Bringing Corporate Rescue Laws to Hong Kong: A Reform Too Big to Fail? (February 7, 2011). Business Law International, Vol. 12, No. 1, 71-92, 2011, Available at SSRN: https://ssrn.com/abstract=1693776

Kong Shan Ho

City University of Hong Kong (CityU) - School of Law ( email )

6/F, Lee Shau Kee Building
Hong Kong, Shatin, New Territories
Hong Kong

Kingston University, Department of Law ( email )

London
United Kingdom

Manchester Metropolitan University - School of Law ( email )

Burslem Building, South All Saints Campus
Lower Ormond Street
Manchester, Lancashire M15 6HB
United Kingdom

Rohan B.E. Price (Contact Author)

University of Tasmania - Faculty of Law ( email )

Private Bag 89
Hobart, TAS 7001
Australia

HOME PAGE: http://www.utas.edu.au/law/people/law-people-profiles/Rohan-Price

Dalian Maritime University Law School ( email )

1 Linghai Road
Dalian, 116026
China

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
185
Abstract Views
1,369
Rank
294,831
PlumX Metrics