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  • November 27, 2014
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  1. Lehman Bros declares bankruptcy

    Posted Sep 19th 2008, 12:00am by Susan Ramsay

    ... Susan Ramsay American bank Lehman Brothers caused fear all over the world this week. The bank said it was bankrupt. This means it has no more money left and it owes other people a lot of money. Because this was such a big bank, with offices all over the w ...

  2. Banks on privacy watchdog's radar

    Posted Dec 22nd 2011, 12:00am

    ... a policy of keeping bankruptcy data for as long as 99 years. The abuses show the protection of privacy is still far from adequate. When customers deposit money in a bank, they trust ... There are legitimate reasons for banks to collect and maintain data, such as those related to an individual's bankruptcy, for credit risk management and other operational needs. But that does not justify ...

  3. In Brief

    Posted Dec 20th 2008, 12:00am by Staff Reporter

    ... a year earlier. Bankruptcy petitions jump 20pc The number of bankruptcy petitions to the Official Receiver's Office surged almost 20 per cent last month to 1,223, from 986 in October, according to the office's latest statistics. Bankruptcy orders also surged by almost one-fifth. ...

  4. Radical land-rights scheme halted

    Posted Nov 11th 2008, 12:00am by Josephine Ma

    ... Josephine Ma in Beijing The central government has halted experiments in Chongqing that allow farmers to trade their land-use rights for shares in agricultural enterprises. Instead, it has asked farmers to form rural co-operatives, which are more restrict ...

  5. Bankrupt ex-teacher's pension is fair game for creditors, judge rules

    Posted Jul 24th 2008, 12:00am by Dennis Eng

    ... Peter Brieger and Dennis Eng If you declare bankruptcy, do not assume pension savings are safe from the reach of creditors. That was the cautionary message from a Court of First Instance ... Kwan Shuk-hing's ruling also found that any money contributed by Ng Shiu-fan after he was discharged from bankruptcy belonged to his lenders. The decision may be 'harsh', ...

  6. Protests greet impasse on United pay talks

    Posted Jan 08th 2010, 12:00am by Dennis Eng

    ... the 15,000 United flight attendants. Cabin crew were hoping to draw up new job contracts with improved terms after agreeing to work more for less pay when the airline filed for Chapter 11 bankruptcy in December 2002. Three years later, the airline cancelled its pension plan before emerging from bankruptcy in 2006. The January 7 deadline was part of an agreement to negotiate a new contract because ...

  7. Priority for bills on basic rights

    Posted Mar 10th 2006, 12:00am by Shi Jiangtao

    ... Shi Jiangtao in Beijing Lawmakers plan to review 25 bills this year, including long-awaited laws dealing with property rights and bankruptcy, and examine execution of the central ... are ready.' He gave no further details. On Mr Wu's list of new legislation, the corporate bankruptcy law, viewed by analysts as important for China's development, has been postponed twice ...

  8. NPC widens trade law in pursuit of 'openness'

    Posted Apr 07th 2004, 12:00am by Staff Reporter

    ... and free'. Xinhua said the Standing Committee will deliberate the new bankruptcy law in June in its next session. The Standing Committee also adopted interpretations to Hong Kong's Basic Law, ...

  9. Stability fears as small businesses feel the pressure

    Posted Oct 29th 2011, 12:00am

    ... According to the report, the entrepreneurs transfer the money abroad to satisfy foreign countries' requirements for investment-based immigration and then file for bankruptcy on the mainland ... such schemes- dubbed by mainland media as 'pseudo bankruptcy, real immigration' did exist- although it was difficult to assess how widespread they were. Privately owned businesses ...

  10. Police clash with workers at HK firm

    Posted May 11th 2005, 12:00am by Staff Reporter

    ... machinery and equipment to another factory. 'We are afraid that he might suddenly announce bankruptcy and shut down this factory for good, so that he can avoid paying us compensation,' ...




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