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  • September 3, 2014
  • Last updated: 11:43am
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Results 1 - 10 of 201 for hsbc restructuring

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  1. Business - China Business - LAW

    Hong Kong investors at a disadvantage when firms with assets in China go bankrupt

    Posted Apr 03rd 2014, 03:07pm by Enoch Yiu

    ... leader of restructuring services at Deloitte Touche Tohmatsu, who has handled many bankruptcies of Hong Kong-listed mainland companies. "If they go bankrupt, the 'one country, two ...

  2. Business - Economy - SHIPPING

    Lenders hold fire on ailing shipping firms

    Posted Aug 13th 2012, 12:00am by Keith Wallis

    ... and the prospect of lower freight and charter rates this year. Part of the reason, according to finance and restructuring experts, is an unwillingness by banks to seize ships or force firms ... Restructuring, said: "From everything we see, banks have been reticent to take [action] against any shipping companies as long as they have cash." Lee Soo-cheon, chief investment officer ...

  3. HK weighs options as Sanko line sinks

    Posted Jul 03rd 2012, 12:00am

    ... creditors' approval for a restructuring plan. The firm said it abandoned the revamp plan after several shipowners had Sanko's ships arrested over non-payment of charter payments. This came after the company initiated its own restructuring programme in March when it cut the amount it was paying in daily charter hire for ships it leased from other shipowners. While Sanko pledged to ultimately ...

  4. Genmar chapter 11 filing reveals huge debts in HK

    Posted Nov 19th 2011, 12:00am

    ... yesterday that would seek the judge's approval of key elements of Genmar's corporate restructuring. This included clearance for a restructuring agreement that was signed on Wednesday ...

  5. Liquidation specialist warns of mainland risks

    Posted Oct 24th 2011, 12:00am

    ... and creditors. He said that if companies were to go bust in Hong Kong or in the West, a specialist accountant or other professionally trained liquidators would arrange the restructuring and sale ...

  6. Better to seek advice early if you run into financial trouble, experts say

    Posted Aug 01st 2011, 12:00am

    ... have three options: go to a social worker or counsellor; go to a lawyer to apply for bankruptcy; or ask the bank to restructure the debt. For restructuring, you must go early, Yung says, ... in debt, and with restructuring repayment, he or she may not have enough left to support the family.' The spouse may not even know of the problem. This has a knock-on effect on children, ...

  7. When all else fails

    Posted Aug 01st 2011, 12:00am

    ... resort after years of paying interest on credit cards while making little impact on the debt principal. Most Hong Kong banks are reluctant to restructure credit card debt. They always insist ... not enough left to pay household bills. 'Many people who approach us want restructuring, but because of the harsh bank terms have no choice to but to choose bankruptcy,' adds Wong. ...

  8. Scandal-hit Grande in insolvency

    Posted Jun 01st 2011, 12:00am

    ... by a judge for successively restructuring his personal empire to avoid litigation. The court placed control of Ho's assets, including Rolls-Royces, Porsches and a luxury flat on the Peak, ...

  9. Precedent cited in Samho case

    Posted Apr 29th 2011, 12:00am

    ... to seek a court-mandated restructuring of its business while safeguarding the company from legal action by firms that were owed money. They added that Blank Rome might be in a grey area over ...

  10. Have the banks learned their lesson after minibond fiasco?

    Posted Mar 29th 2011, 12:00am by Enoch Yiu

    ... Legislator Chim Pui Chung said investors should accept the new offer, drawing parallels with investment in HSBC before the crisis. HSBC stocks were trading around HK$140 before the crisis and are now ...




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