By Wong Teck Meng & Derek Lam Time and time again liquidators of insolvent companies and trustees of bankrupts are faced with potential litigation which they must decide whether to commence or continue. This is the first of two posts which aims to put into perspective the risks faced by liquidators and trustees alike and…
Continue ReadingLitigation Funding for Liquidators: A Coming of Age in Hong Kong
Over the years, liquidators in Hong Kong have frequently been faced with situations where they have established claims by a company in liquidation against third parties, but they have been unable to pursue them because they don’t have sufficient money to fund the costs of litigation. Understandably creditors are reluctant to “throw good money after…
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