Wednesday, 16th October 2019, Citic Tower, 1 Tim Mei Ave, Admiralty, Hong Kong

IMPORTANT NOTICE:

Unfortunately due to disruption planned for Wednesday 16th October, we have taken the difficult decision to cancel the GRR Live Hong Kong conference. It is likely that the event venue will not be accessible due to its proximity to a government building. We have explored all of our options but due to the current uncertainty around planned protests, transport, and other key components, we are not in a position to confirm the event can proceed smoothly and safely.  

Please accept our sincere apologies for any inconvenience caused and we hope you can understand the decision we have taken given the circumstances. If you have any queries, please contact Melissa.Loewy@LBResearch.com.

E-mail Tel: +44 20 3780 4137

Chairs

Look-Chan Ho

Des Voeux Chambers

Look-Chan Ho is admitted to practise in New York, England and Wales, and Hong Kong. He is well-known for his high level of legal expertise and is a renowned expert in cross-border restructuring and insolvency. He has represented debtors, creditors, insolvency practitioners and distressed investors.

Sammy Koo

EY

Sammy is a Partner at EY, Transaction Advisory Services, Hong Kong. She is at the forefront of some of the largest failure prevention and cross-border corporate restructuring cases across the Asia Pacific region. Sammy has more than 19 years of experience, focusing on contingency planning, strategic exit solutions, resolution & recovery planning, distressed turnarounds, debt capital advisory, special asset divestments, insolvency and financial feasibility assessments. Sammy has led the restructuring of various suspended public listed companies to successfully resume trading. More recently, she advised two global systemically important banks on resolution planning. She has also consulted other regulatory, government and quasi-government authorities, financial institutions, funds, asset management companies and multinational corporates in Greater China, UK, Cayman Islands, British Virgin Islands, Bermuda, Australia and Vietnam.

José-Antonio Maurellet SC

Des Voeux Chambers

José-Antonio Maurellet SC's practice is largely commercial with an emphasis on company and insolvency law. He is a member of the International Insolvency Institute. He has advised and acted in numerous shareholder disputes, winding up petitions, and applications arising out of liquidations of companies (for example applications for provisional liquidators, S.221 examinations, unfair preference proceedings). He has also appeared in schemes involving privatizations (Re China Power Clean Energy Development Company, Re HAECO, Re eContext and Re Wheelock Properties) as well as creditors schemes (Re Kaisa Group Holdings, Mongolia Mining Corporation and Z-Obee Holdings).

Keynote Speaker

Dr. David Chung, JP

Under Secretary, Innovation and Technology Bureau, HKSAR

Dr Chung, Under Secretary for Innovation and Technology, has nearly 30 years of experience in information technology (IT) strategic management and entrepreneurship development, and worked in several IT firms. He joined Hong Kong Cyberport Management Company Limited in March 2004 and was responsible for taking forward Cyberport's IT infrastructure and incubation. He was Chief Technology Officer when he left Cyberport in February 2016. Public service positions held by Dr Chung include Council Member of the Hong Kong Computer Society, Convenor of the IT Expert Advisory Group of the Consumer Council, and Member of the Hong Kong/Guangdong Expert Committee on Cloud Computing Services and Standards.

Speakers

Sou Chiam

Head of Regulatory Affairs & Policy Asia Pacific, HSBC

Nelson Chow

Chief Fintech Officer, Hong Kong Monetary Authority

Heidi Chui

Stevenson, Wong & Co

Patricia Ho

Acting General Counsel, WeLab

Rockson Hsu

CEO, ZA Bank Limited

Urszula McCormack

King & Wood Mallesons

Eliot Simpson

Appleby

Charles To

Ella Cheong & Alan Chiu

Christopher To

Gilt Chambers

Programme

13.15: Welcome coffee and registration

14.00: Chairs’ opening remarks

Sammy Koo, EY
José-Antonio Maurellet SC, Des Voeux Chambers

14.05: Keynote speech: Technological disruption and how this is driving a new era of business transformation

Dr. David Chung, JP, Under Secretary, Innovation and Technology Bureau, HKSAR

14.35 Session one: Traditional vs virtual banking: What transformative changes can the financial industry expect?

Banks operating under traditional models everywhere are facing greater competition from new virtual banking rivals, and we are seeing this increasingly in China. This panel will discuss how these new competitors will affect Hong Kong’s restructuring sphere considering the Hong Kong Monetary Authority has recently issued a batch of virtual banking licences. Against that backdrop, this panel will discuss: to what extent will traditional banks be forced to restructure tools, and how will they do that? And from the virtual bank perspective, how will they embrace a digital revolution to stay ahead of the game?

The panel is expected to discuss questions such as:

  • What actions would traditional banks consider taking given the rise of new virtual banking rivals?  
  • To what extent will they restructure, and using what methods?
  • How will virtual banking approach bank resolution plans AKA living wills?  

Moderators:
Sammy Koo, EY
José-Antonio Maurellet SC, Des Voeux Chambers

Panel:
Sou Chiam, Head of Regulatory Affairs & Policy Asia Pacific, HSBC 
Nelson Chow, Chief Fintech Officer, Hong Kong Monetary Authority
Heidi Chui, Stevenson, Wong & Co
Patricia Ho, Acting General Counsel, WeLab
Rockson Hsu, CEO, ZA Bank Limited

15.30: Coffee break

16.00: Session two: Significant global trends and its impact on restructuring & insolvency

The status quo of businesses in every sector are increasingly being challenged, subject to elevated levels of competition, social media, regulatory requirements, corporate social responsibility and technological advancements, raising a host of novel questions for restructuring and insolvency practitioners. Recent cases in the US, Europe and Asia have spanned across iconic appointments in defunct cryptocurrency exchanges, such as Quadriga CX and Cryptopia and for many long-established businesses including Toys R Us and Barneys. Those who are trapped often have no solution but to file for bankruptcy. Aided by speakers who have extensive insolvency experience (and legal practitioners in this field), this panel will explore the latest restructuring developments, such as the remedies available, the legal implications from tech related contracts, liability exposure, recoverability of digital assets, cybercrime, analytics, data privacy and access, distribution or transfer of assets, and a host of cross-border issues that are inherent with such cases.

Some of the issues the speakers are expected to address include:

  • What complications do the latest trends pose to a traditional insolvency?
  • How far does the issue of cross-border insolvency recognition drive the planning of any restructuring initiatives, appointment or stay of legal action?
  • Given continued low interest rates and quantitative monetary easing, where will we likely see the next bubble and what happens next?

Moderators:
Sammy Koo, EY
José-Antonio Maurellet SC, Des Voeux Chambers

Panel:
Urszula McCormack, King & Wood Mallesons
Eliot Simpson, Applyby
Charles To, Ella Cheong & Alan Chiu
Christopher To, Gilt Chambers

16.55: Presentation of IWIRC’s 2019 Woman of the Year in Restructuring (Asia) Award

17.10: Chairs’ closing remarks


Sammy Koo, EY
José-Antonio Maurellet SC, Des Voeux Chambers

17.20 onwards: All delegates are invited to a drinks reception kindly hosted by EY

Venue

Citic Tower, 1 Tim Mei Ave, Admiralty, Hong Kong

Private Practitioner
Type Price Expires
Early £200 4 Oct 2019
Standard £300 16 Oct 2019

 

In-house/governmental
Type Price
Standard

£0