The Race To The Bottom Continues Another year another tender. Well, not quite. In this case the tender only comes around every two years, but one thing that doesn’t change is the inexorable downward pressure on fees. For this year’s tender, the average is HK$1,600, slightly below the 2012 average of HK$1,768. Individual tenders ranged…
Continue ReadingPanel T Appointments – The Dilemma
In 1996 Hong Kong’s Official Receiver’s Office (“ORO”) introduced what was known at the time and still is for that matter, as Panel A (Administrative Panel of Insolvency Practitioners for Court Winding-Up). Panel A, as many readers will know, was designed to enable non-summary liquidations i.e. those with assets in excess of $200,000 to be…
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