Category: Voluntary 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

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