Helping Clients Formulate Strategies to Address the Challenging Economic Conditions
Baker & McKenzie recently hosted a conference on distressed investing, financial restructuring and insolvency in Hong Kong. More than 200 delegates from major corporations, financial institutions, accounting firms and other financial intermediaries attended the event.
Lawyers from Baker & McKenzie’s Global Financial Restructuring and Insolvency team, together with leading industry experts from the accounting, banking and corporate restructuring sectors, shared insights on current and future Asia Pacific market trends, as well as critical issues to consider when buying and selling distressed assets. Participants also discussed the challenges of restructuring and refinancing, cross-border insolvencies and recovery, debt recovery in China and the status of corporate rescue reform in Hong Kong.
The event also introduced to the multidisciplinary capabilities of Baker & McKenzie’s Global Financial Restructuring and Insolvency team. The team is part of the Firm’s Global Financial Restructuring Initiative — a cross-practice initiative that aims to help clients navigate business and legal complexities caused by the current financial crisis. The team helps clients identify and optimize emerging opportunities amid persisting uncertainties in the global economy.
Poh Lee Tan, Baker & McKenzie’s Asia Pacific regional chairman and co-head of the Global Financial Restructuring Initiative, said: “The economic downturn has forced our clients to deal with a myriad of issues and challenges that are new, often highly inter-related, and especially challenging to manage across global enterprises. We recognize that our clients require timely legal solutions that are tailored to their specific needs and issues, especially with respect to legislative and regulatory developments emerging across the world. This conference provides access to the expertise brought by our established and experienced multi-disciplinary Global Financial Restructuring Team, whose combined experience and knowledge can assist in managing multiple level cross-border risks or in capturing the opportunities arising from the current uncertainties.”