On 19 August 2011, Mr Stephen Briscoe and Ms Chan Pui Sze, both of Briscoe Wong Advisory, were appointed joint and several provisional liquidators of Yu Kee Food Company Limited (“Yu Kee”) by the High Court of the Hong Kong SAR. Yu Kee was established in 1990 and is one of the key food chain stores…
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…
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