Our Calvin Chui and Carla Veiga, have authored the Macau Chapter in the prestigious Chambers and Partners 𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲 𝗚𝘂𝗶𝗱𝗲: 𝗜𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝟮𝟬𝟮𝟱.
Key insights from their contribution include:
• 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗠𝗮𝗰𝗮𝘂’𝘀 𝗟𝗲𝗴𝗮𝗹 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸: The chapter details the primary laws governing insolvency—the Macau Commercial Code, Civil Code, and Civil Procedure Code—and explain the conventional differentiation between bankruptcy and insolvency proceedings.
• 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗧𝗼𝗼𝗹𝘀: It outlines the principal judicial avenues available, such as the concordata (a court-approved composition with creditors) and the creditors’ agreement, which requires approval by creditors representing at least 75% of claims.
• 𝗖𝗹𝗮𝗿𝗶𝗳𝘆𝗶𝗻𝗴 𝗖𝗿𝗲𝗱𝗶𝘁𝗼𝗿 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀: The guide breaks down the complex hierarchy of claims in Macau, from mortgage and lien creditors to priority unsecured creditors like employees.

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