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Hong Kong Court clarifies whether an exclusive jurisdiction clause precludes it from hearing a bankruptcy petition | Dentons

An exclusive jurisdiction clause (EJC) is a clause in a contract limiting the determination of disputes under that contract to one agreed jurisdiction or forum. It has been unclear. ....

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Hong Kong Court of Appeal Addresses the Effect of Exclusive Jurisdiction Clauses on Insolvency Proceedings | Perspectives & Events

On 30 August 2022, the Hong Kong Court of Appeal overturned the Court of First Instance's decision in the case of Guy Kwok-Hung Lam v Tor Asia Credit Master Fund LP and held that a creditor's bankruptcy petition presented in Hong Kong should not be allowed to proceed where the petitioned debt was di. ....

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Dallas Assisted Living Chain Gets Nod On Ch. 11 Sale

A Delaware bankruptcy judge on Tuesday allowed the owner of an assisted living facilities chain to hand over the business "free and clear" to a prepetition lender, but refused to settle a side dispute between the buyer and a Hong Kong businessman who had guaranteed the debt. ....

United States , Hong Kong , Laurie Selber Silverstein , Leslie Pappas , Kcp Holdings , Tor Asia Credit Master Fund , Judge Laurie Selber Silverstein , Tor Asia , Guy Kwok Hung Lam ,