Category: Insolvency

C(WUMP)O: The Dark Side

By Stephen Briscoe Our previous posts have focused on the proposed changes to Hong Kong’s insolvency regime which are scheduled to come before LegCo in the next few months. This post is going to look at the “darker side”, (no,

Winding Up – Moving Colonial Legislation into the New Century

By Stephen Briscoe  The existing provisions dealing with the winding-up of companies in Hong Kong are still largely based on the 1948 Companies Act from the UK. Of course, there have been changes over the years, but generally these haven’t

Small Practitioners – Stealing a Marketing March

By Stephen Briscoe This article is reprinted with permission from INSOL World magazine This is the first of  two articles written from the perspective of a small firm practitioner working in a close-knit, but highly competitive market. It is a fact of life

Hong Kong’s Provisional Supervision Plans, in Plain English

By Stephen Briscoe Hong Kong’s proposed new legislation on Provisional Supervision and Insolvent Trading has been in the pipeline for the last 20 years or so but before groaning “Oh no, not again,” this time there seems to be a

New Companies Ordinance Winding Up and Insolvency Conclusions Published

As most of you are aware, earlier this year the new Companies Ordinance came into force. At that time the parts of the old Companies Ordinance that had not been amended, effectively s.166 onwards, were renamed as The Companies (Winding-up

INSOL Hong Kong 2014

Insolvency Practitioners from around Asia and beyond will gather at the Kowloon Shangri-La March 23 – 25 for  INSOL’s Pan Pacific Rim Annual Regional Conference. World experts in insolvency and restructuring  will present on current issues ranging from cross-border insolvency

Updating the Companies Ordinance

A Missed Opportunity Republished with permission. This article first appeared in INSOL World magazine Q4 2013 By: Stephen Briscoe and Nichole Chan, BWA Hong Kong’s efforts to modernize the city’s corporate insolvency laws have resurfaced almost two decades after the

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

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

Hong Kong Diploma in Insolvency

The results of the 2010/11 Diploma in Insolvency programme are now out and it is with great pleasure that we can announce that our own Nichole Chan and Rosenna Mak both passed the Diploma course, so congratulations to both of