Category: Compulsory Liquidation

Protection of Wages on Insolvency Fund (Update 2)

The long awaited changes to Hong Kong’s Protection of  Wages on Insolvency Fund (PWIF) have moved one step closer to becoming law. As we explained on 18 October 2011, (read here), the changes will now allow employees to claim from

Results of the Official Receiver’s Panel T Tender for Summary Liquidations

It’s that time of the year again when the Hong Kong Administration announces the outcome of its latest tender for private-sector firms to undertake summary liquidations. The results of the latest tender can be found here on the Official Receiver’s

Regulating Order Obtained in Yu Kee Food Company Limited (In Compulsory Liquidation)

Following the winding-up of the Company on 29 August 2011, Nichole Chan and Stephen Briscoe were appointed joint and several liquidators of the Company on 26 October 2011. This appointment was made by way of a Regulating Order pursuant to

Protection of Wages on Insolvency Fund (Update 1)

A few weeks ago we drew attention to the proposed changes to the Protection of Wages on Insolvency Fund (“PWIF”) which would mean that employees could be paid up to a maximum of HK$10,500 by the PWIF in respect of

Provisional Liquidators Appointed in Yu Kee Food

On 19 August 2011, Mr Stephen Briscoe and Ms Chan Pui Sze, both of Briscoe Wong Advisory, were appointed joint and several provisional liquidators of Yu Kee Food Company Limited (“Yu Kee”) by the High Court of the Hong Kong SAR.

Protection of Wages on Insolvency Fund

The Hong Kong government is going to amend the Protection of Wages on Insolvency Fund legislation to allow payments to be made to employees of insolvent companies in respect of unpaid holiday pay.  Employees who are owed wages, wages in