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Restructuring in the PRC in the Era of Muddy Waters: The Sino-Forest Case

  • 28 Apr 2014
  • 12:30 PM - 2:00 PM
  • 11th Floor, One Pacific Place, 88 Queensway, Hong Kong
  • 8


Registration is closed

Lunch Presentation

The HKCCA’s Executive Committee invites you to the following presentation, hosted by Hogan Lovells.

Food and drinks will be provided. 1 Law Society of Hong Kong CPD point has been awarded. New York and California Approved Jurisdiction policy may apply.

TOPIC:  Restructuring in the PRC in the Era of Muddy Waters: The Sino-Forest Case

Neil will present a case study on the collapse and subsequent restructuring of Sino-Forest Corporation ("SFC"), a Toronto listed forestry company with assets in China.  SFC collapsed after a damning short seller's report, owing shareholders over USD4 billion and bondholders USD1.8 billion.  Neil acted for the bondholder committee and now acts for the restructured vehicle, which is owned by the bondholders.  Neil will look at what went wrong; what impact it had on shareholders, creditors, and directors and officers; and what lessons can be learned.  It will be a useful session for any in-house lawyer as it will touch on key subjects such as insolvency and fraud warning signs; fiduciary and directors' duties; fraud and regulatory investigations.

SPEAKER: Neil McDonald 
Neil McDonald is a partner of Hogan Lovells in Hong Kong and the head of Business Restructuring and Insolvency practice in Asia. He has been involved in a wide range of matters in Asia in respect of the restructuring and insolvency of distressed companies. Neil acts for financial institutions, insolvency appointment holders, turnaround management firms, hedge funds and private equity firms.

Neil advises clients on all aspects of financial distress including consensual workouts, shareholder disputes, liquidations, receivership's and other enforcement options including litigation. He also advises clients on the proprietary acquisition of distressed businesses and assets.

Neil is widely recognised as a leading individual for Restructuring and Insolvency by Legal 500 Asia Pacific, Chambers Asia Pacific, International Financial Law Review 1000 and PLC Which Lawyer? Yearbook.

VENUE:  11th Floor, One Pacific Place, 88 Queensway, Hong Kong

DATE: Monday 28 April 2014

TIME: 12.30 for lunch, 13.00 - 14.00 for presentation

RSVP: Please register your attendance online no later than 25 April 2014. If you register but are then unable to attend, please email events@hkcca.net and tell us so that other members on any waitlist may attend. If you have any suggestions for topics or speakers for future HKCCA events, please let us know at events@hkcca.net.

Please note this event is exclusively for HKCCA members. If you are not an HKCCA member but you want to attend this presentation, you need successfully to apply for membership at www.hkcca.net and pay the membership fee before registering for the event. If you have any membership queries, please contact HKCCA Secretariat on events@hkcca.net or (852) 2516 7007.           

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