News & Analysis as of

China Cayman Islands

Walkers

Less Appeals? Cayman Islands Court of Appeal clarifies the test for leave to appeal to the Privy Council

Walkers on

In a recent case the Cayman Islands Court of Appeal has refused to grant leave to appeal to the Judicial Committee of the Privy Council in respect of an injunction ordered in support of a foreign arbitration....more

Walkers

New frontiers in cross-border disclosure orders

Walkers on

On 24 April 2024, Doyle J handed down judgment in In the matter of New Frontier Health Corporation (Cause No. FSD 72 of 2022 and FSD 74 of 2022). In doing so, he refused the application of a Cayman-Islands incorporated...more

Conyers

A Clever Shortcut? Thoughts on the China Properties Group Case

Conyers on

In the case of Re China Properties Group Limited (in Liquidation) [2023] HKCFI 2346, the Hong Kong Court has shown its commitment to providing assistance to local liquidators appointed by it by asserting in personam...more

Conyers

Hague Service, or Substituted Service, of Cayman Islands Court Proceedings: Not Just a Technical Game

Conyers on

The Cayman Islands, as a British Overseas Territory, is a party, through the United Kingdom, to the Hague Convention on the Service Abroad of Judicial and Extra-Judicial Documents in Civil or Commercial Matters (‘the Hague...more

Walkers

Offshore Litigation And Hong Kong Seated Arbitrations

Walkers on

Bermudan, British Virgin Islands (“BVI”) and Cayman Islands companies are frequently used as investment vehicles for Hong Kong and Chinese companies and individuals. This is reflected in the frequency with which they are a...more

White & Case LLP

The HFCAA and Consequences for US-listed China-based companies

White & Case LLP on

In December 2020, then-US president Donald J. Trump signed into law the Holding Foreign Companies Accountable Act (the "HFCAA"). This law is just one measure, among many, that have been promulgated by legislative and...more

Conyers

Cayman Islands Restructuring: No Place Like Home

Conyers on

Conyers were instructed by Silver Base Group Holdings Limited (“Silver Base”) in relation to a successful application for the appointment of “light-touch” provisional liquidators for restructuring purposes before the Grand...more

Dorsey & Whitney LLP

Court Calls into Question Securities Trading Restrictions on Entities Designated as Communist Chinese Military Companies

Dorsey & Whitney LLP on

The U.S. District Court for the District of Columbia last week ruled that certain securities trading restrictions will be prevented from going into effect with respect to Xiaomi Corporation (“Xiaomi”) under Section 1237 of...more

Eversheds Sutherland (US) LLP

Xiaomi wins preliminary injunction enjoining enforcement of Trump-era securities trading ban

Xiaomi Corporation (Xiaomi), one of the world’s largest smartphone manufacturers, won a preliminary injunction from the DC District Court on March 12, 2021 that enjoined the US government from enforcing a Trump-era rule that...more

Morrison & Foerster LLP

Coming Home – Overview Of Going Private Transactions Of U.S.-Listed Chinese Companies

Since the early 1990s, the U.S. stock exchanges have long been home to many prominent Chinese companies as they tried to attract a wide spectrum of investors and enhance their global profile. However, waves of the reverse...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Restructuring Offshore PRC Debt"

As the growth of the Chinese economy (and the real estate sector in particular) slows, we are seeing stress in an increasing number of issuers of offshore noninvestment-grade People’s Republic of China (PRC) bonds. It seems...more

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