Read more
A corporate reorganisation system that ensures optimal development of distressed companies' assets helps promote economic development. In many developed economies, faltering firms are reorganised through a formal corporate reorganisation procedure. The Hong Kong government has recently recommended the enactment of such a procedure on the assumption that the existing corporate and insolvency framework is ill-equipped to restructure failing companies. This book rebuts this assumption through an assessment of the efficiency of the judicially-developed reorganisation system that has emerged as a result of the failure to introduce a formal reorganisation procedure a decade ago. It argues that since an efficient alternative reorganisation system has been locked in for Hong Kong for more than a decade, a purposely-designed reorganisation regime is no longer imperative for this region.
About the author
Charles Zhen Qu is an Associate Professor at Griffith Business School, Griffith University, Australia. Before joining GBS in January 2012, he has taught law at Griffith University Law School, City University of Hong Kong Law School, and Murdoch University Law School. His areas of research include Company Law, Corporate Insolvency, and Chinese Law.
