Credit: kritsapong_j/AdobeStock Troubled Economic Fortunes Spell Opportunity for Specialist Lawyers in Hong Kong
The downturn in the Chinese property sector is creating new prospects in Hong Kong, both for firms looking to cash in on the need for professionals with expertise in restructuring and insolvency and for a city looking to cement its status as a legal hub.
April 23, 2024 at 08:30 PM
5 minute read
When China Construction Bank (Asia) decided to file a liquidation petition in Hong Kong against property giant Shimao Group earlier this month, analysts saw it as a sign that China's property sector was still in crisis. But restructuring, liquidation and insolvency specialists saw something else: an opportunity to grow their business by taking advantage of burgeoning demand for their expertise.
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