Reorganisation of HNA Group
HNA Group Co., Limited (HNA Group) is a well-known company based in Hainan. Its business extended to aviation, investments in hotel and golf courses and various other business activities. HNA Group experienced financial difficulties, and on 10 February 2021, a reorganisation (the Reorganisation) of HNA Group commenced pursuant to the order of the Hainan Province Higher People’s Court (the Hainan court). A liquidation group was formed and appointed as the administrator of HNA Group (the Administrator).
Letter of request from the Hainan court to the Hong Kong court
Upon the application of the Administrator, the Hainan court issued a letter of request directed to the Hong Kong court seeking recognition of the Reorganisation in mainland China and providing powers of assistance to particular representatives of the Administrator in Hong Kong.