There’s no place to wind-up like home

This briefing discusses the recent judgment in Scanty Investment Company v Brilliant Functions Limited [2020] HKCFI 498, in which the High Court of Hong Kong held that it would generally be unreasonable for a shareholder to wind-up a foreign company with no place of business in Hong Kong if it has an alternative remedy for unfair prejudice at the company’s place of incorporation.

Related briefings

Recognition and Assistance for PRC Insolvency in Hong Kong

Synopsis A recent case in Hong Kong, has demonstrated both the ability and willingness of common law courts to recognise insolvency appointments made by the courts of the People’s Republic of China (‘PRC’), and to grant appropriate assistance at common law. It is to be hoped that this proven track record will pave the way for easier recognition of common law court appointed liquidators in PRC, where, unlike in common law countries, such recognition is subject to the principle of reciprocity.

Cayman Islands Updated Economic Substance Guidance

Version 3.0 of the Cayman Islands guidance notes (“Guidance”) on the Cayman Islands’ economic substance legislation provides additional assistance in interpreting the International Tax Co-operation (Economic Substance) Law (the “ES Law”).

Latest Briefings

How pro bono is making me a better lawyer

There are many opportunities to get involved with pro bono and several reasons why it is a good idea to do so. Verity discusses the pro bono opportunities she has been involved in and how they have strengthened her ability as a trainee solicitor.

To the point: technology & digitalisation l August 2020

Welcome to the August edition of Schoenherr’s to the point: technology & digitalisation newsletter! We are excited to present a selection of legal developments in the area of technology & digitalisation in the wider CEE region.

GC roundtable: How to communicate with impact in a virtual world

As most of us are still working from home, we are communicating virtually for long periods every day, with diverse groups of people from different cultures, forums and time zones. We are continuing our usual work tasks and commitments, but now having to deliver meetings and presentations as well as communicate a host of difficult messages.

Recommended

Taylor Wessing cements Wilson Sonsini ties with Covid-19 tech venture

Taylor Wessing has worked with Wilson Sonsini Goodrich & Rosati on a new technology product to help clients concoct their return to the office strategy, the latest step in a non-exclusive agreement relationship struck by the two firms in 2019. The firms relied on software development work carried out by SixFifty, a technology subsidiary owned […]

Stephenson Harwood caught in the middle of $570,000 tussle

Parties from the United States and Switzerland are competing over a six-figure sum sitting in Stephenson Harwood’s bank account, with the firm taking up a bit-part role in an ongoing High Court clash. A total of $570,000 is at the heart of the scrap between the estate of late US lawyer, Irving Kagan, and Swiss […]

UCL

London Universities Purchasing Consortium launches £30m panel review

The London Universities Purchasing Consortium (LUPC) is seeking firms for its new £30m panel. LUPC has kicked off a multi-provider framework agreement, which will also be available to to its partner members; North Eastern Universities Purchasing Consortium (NEUPC), North Western Universities Purchasing Consortium (NWUPC), Southern Universities Purchasing Consortium (SUPC), Higher Education Purchasing Consortium, Wales (HEPCW). […]

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