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Castelo Concepts closes 9 restaurants

26 July 2023, Hong Kong – Briscoe Wong Advisory Limited is assisting with the liquidation of Castelo Investments Limited, Bringsky Investment Limited, Happy Dragon Hong Kong Limited and Max Ocean Group Limited.  The following nine restaurants operated by the companies ceased business on 26 July 2023:- Name of Restaurant Address Jaspa’s Unit B, G/F, Manhattan…

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Press Release – Divine Food Service Limited (In Creditors’ Voluntary Liquidation) trading as Crostini

7 November 2022, Hong Kong – Woody’s Company Limited is interested in purchasing all the unexpired vouchers issued by Divine Food Service Limited (In Creditors’ Voluntary Liquidation) trading as Crostini. The purchaser will only purchase original vouchers with an expiry date on or after 14 September 2022. Eligible vouchers will be purchased based on the full…

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Draft CVL Bill Open to Abuse

By Stephen Briscoe The draft bill was put into the public domain on 10 July with an 18 day period for parties to make representations.  The draft bill runs to 77 pages, whilst the draft notes run to another 20 pages.  To suggest that a draft bill that, (it must be assumed), has been several…

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S.228A Liquidations – Take Care!

Recently, the Court was asked to consider the circumstances in which it was appropriate to use the s.228A procedure to place a company into liquidation. Given that liquidations started using this procedure are relatively infrequent, it is unusual to see the question of its use come before the court. The background was that as a…

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