{"id":485,"date":"2024-04-30T20:10:18","date_gmt":"2024-04-30T20:10:18","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/troubled-economic-fortunes-spell-opportunity-for-specialist-lawyers-in-hong-kong\/"},"modified":"2024-04-30T20:10:18","modified_gmt":"2024-04-30T20:10:18","slug":"troubled-economic-fortunes-spell-opportunity-for-specialist-lawyers-in-hong-kong","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/troubled-economic-fortunes-spell-opportunity-for-specialist-lawyers-in-hong-kong\/","title":{"rendered":"Troubled Economic Fortunes Spell Opportunity for Specialist Lawyers in Hong Kong\u00a0"},"content":{"rendered":"\n<div>\n<p>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\u2019s property sector was still in crisis. But restructuring, liquidation, and insolvency specialists saw something else\u2014an opportunity to grow their business by taking advantage of burgeoning demand for their expertise.<\/p>\n<p><span style=\"font-weight: 400\">\u201cMany creditors are coming to us seeking advice\u2026 they have started to consider formal insolvency options,\u201d said Tiffany Wong, managing director at Alvarez &amp; Marsal. \u201cAs you can see in cases like Shimao and Country Garden, creditors are seeking alternative recovery options when consensual restructuring is not progressing after years of discussions.\u201d\u00a0<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[560,561,565,566,7,563,564,562,559],"class_list":["post-485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-economic","tag-fortunes","tag-hong","tag-kong","tag-lawyers","tag-opportunity","tag-specialist","tag-spell","tag-troubled"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=485"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}