New Official Receiver in Hong Kong
A new Official Receiver takes over the Official Receiver’s Office on 29 June 2011 when Ms Teresa Wong Siu-wan steps into the position left by Mr ET O’Connell who is retiring. As noted in the press release, the new Official Receiver takes over at a time when the office faces a number of challenges. There…
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…
Continue ReadingProvisional Supervision And (More Importantly) Insolvent Trading
Provisional Supervision legislation has been talked about for many years and at long last it appears to be on its way. Government has issued its latest take on the issue and has indicated its intention to introduce a bill to Legco. As part of the bill there will also be the equally long awaited insolvent…
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