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…
Continue ReadingPress 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…
Continue ReadingResults of the Official Receiver’s Panel T Tender for Summary Liquidations
It’s that time of the year again when the Hong Kong Administration announces the outcome of its latest tender for private-sector firms to undertake summary liquidations. The results of the latest tender can be found here on the Official Receiver’s website. The average tender price in 2010, the last time the tender was held, was…
Continue ReadingProtection of Wages on Insolvency Fund (Update 1)
A few weeks ago we drew attention to the proposed changes to the Protection of Wages on Insolvency Fund (“PWIF”) which would mean that employees could be paid up to a maximum of HK$10,500 by the PWIF in respect of unpaid holiday pay. This was seen as a very positive move designed to give further…
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