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  • September 22, 2014
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  1. Insolvency law back on the agenda after financial crisis

    Posted Apr 21st 2010, 12:00am by Kate Watson

    ... Kate Watson Hong Kong is taking a second look at the Companies Ordinance proposals as the economy is limping back to normal. The enacting of an insolvency law is a well-visited proposition ... at PricewaterhouseCoopers Hong Kong. The mainland's enterprise bankruptcy law was introduced in June 2007. It has three major provisions: first, you can close down a company because it is insolvent; the second ...

  2. Insolvency laws to be reviewed

    Posted May 05th 2005, 12:00am by Martin Wong

    ... Martin Wong In a surprise move, the government supported a Legco motion yesterday to uphold workers' rights by reviewing the insolvency system and related laws. The move comes in response to a series of sudden restaurant closures that have forced workers to seek compensation from the Insolvency Fund. The legislature yesterday passed an amended motion, with cross-party ...

  3. Insolvency specialists see rise in demand

    Posted Nov 17th 2008, 12:00am by Paggie Leung

    ... financial crisis bite deeper in Hong Kong, according to insolvency specialists. Trustee in bankruptcy and lawyer Jimmie Wong Ka-sek said the number of bankruptcy cases his firm handled last month ... more staff. 'It appears that 2009 will be the worst year for Hong Kong... the number of insolvency cases may double,' Mr Wong said, 'depending on how many more companies shut ...

  4. News - Hong Kong - COURTS

    Stiff penalty for restaurateur who cheated HK's wage protection fund

    Posted Aug 24th 2012, 12:00am by Patsy Moy

    ... Lin Kam-hung yesterday jailed Tsang Yung-ping, 46, for cheating the government's Protection of Wages on Insolvency Fund, which was set up in 1985 to help unpaid workers whose employers ... to close Head Dragon in 2004, the workers successfully applied for HK$780,000 from the insolvency fund, prosecution counsel Edwin Choy told the court. "The government and taxpayers ...

  5. Business - China Business - LAW

    Hong Kong investors at a disadvantage when firms with assets in China go bankrupt

    Posted Apr 03rd 2014, 03:07pm by Enoch Yiu

    ... when seeking to have his or her office and authority formally recognised in a mainland court. "This is because the concept of 'receivership' is alien to mainland law," Tang said. He said offshore insolvency practitioners should work with mainland legal and accounting professionals who know mainland bankruptcy law and practice well, as they would be in a better ...

  6. Lifestyle - Family & Education - ROOKIE MUM

    Rookie mum: why do other mothers seem superior?

    Posted Sep 03rd 2013, 12:00am by Angharad Law

    ... Angharad Hampshire life@scmp.com Pay no heed to the mothers superior Ever since I became a mum for the first time about two years ago, I have been astounded at how well other women with children manage their lives. My respect for parents, and mums, in par ...

  7. Lifestyle - Family & Education - ROOKIE MUM

    Focus on pregnancy weight gain a bit heavy handed

    Posted May 14th 2013, 12:00am by ANGHARD LAW

    ... Angharad Hampshire life@scmp.com Focus on weight gain a bit heavy handed It was a depressing morning. At an antenatal check-up I was told, not once, but twice, that I was fat. "Aiyaaaah! Weight gain," the midwife cried when I stood on the scales ...

  8. Compromise needed on corporate rescue law

    Posted Oct 31st 2009, 12:00am by Staff Reporter

    ... Chapter 11 bankruptcy protection law for distressed companies. Our city is one of the few advanced economies that do not offer such protection. A proposal was first put forward by the Law Reform Commission more than a decade ago to rectify the situation. Two attempts to turn it into law failed because of widespread opposition from the accounting, legal and business communities over ...

  9. Employment law 'is having a negative effect' on firms

    Posted Apr 24th 2009, 12:00am by Kate Watson

    ... by accountants, Mr Tang said. 'For example, the employment law doesn't specify the entitlements of employees in an insolvent situation, whether that is a restructuring or bankruptcy,' he ... Kate Watson The mainland's employment law may have exacerbated the effects of the global financial crisis. Anecdotal evidence collected by accounting firm Grant Thornton suggests ...

  10. Call for new law to buy time for troubled firms

    Posted Oct 30th 2008, 12:00am by Gary Cheung

    ... Gary Cheung A policy think-tank close to the chief executive wants the government to enact a law similar to one in the United States to allow troubled companies a cooling-off period during ... a law similar to chapter 11 of the United States bankruptcy code, which gives a breathing space for troubled companies to reorganise their debts during a cooling-off period,' Mr Wu said. ...




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