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  • July 30, 2014
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Results 1 - 10 of 172 for legal procedure

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  1. 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

    ... 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 ... at Pinsent Masons in Hong Kong, said while Hong Kong bankruptcy proceedings are transparent for all banks and regulators, mainland bankruptcy procedures under the Enterprise Bankruptcy Law are more ...

    http://www.scmp.com/business/china-business/article/1463814/hong-kong-investors-disadvantage-when-firms-assets-mainland
  2. Talks on US legal obstacle to buy-back of minibonds

    Posted Nov 28th 2008, 12:00am by Joyce Man

    ... under the legal procedures, banks should buy them back. The banks, he said, could redeem the value on the notes once a legal buy-back could proceed. Peter Chan Kwong-yue, chairman of investors ... formed under the Hong Kong Association of Banks to handle derivative products related to the bankrupt firm, was seeking legal advice from law firm Mallesons, Stephen & Jaques, a taskforce ...

    http://www.scmp.com/article/661790/talks-us-legal-obstacle-buy-back-minibonds
  3. Liquidation specialist warns of mainland risks

    Posted Oct 24th 2011, 12:00am

    ... burned in ventures there, a liquidation specialist says. 'The problem on the mainland is that only a few companies undergo formal bankruptcy procedures. In most cases, the owners simply ... bankruptcy laws or procedures to orderly wind down a company on the mainland. Unlike in Britain, which has bankruptcy laws since 1542, and the United States, since 1800, China put in place its first ...

    http://www.scmp.com/article/982791/liquidation-specialist-warns-mainland-risks
  4. Liquidator seeks HK$2.7m for unpaid legal bills

    Posted Sep 23rd 2011, 12:00am

    ... businessman Robert Yip Kwong. James Wadham, a partner of law firm Clifford Chance, said the demand was issued against Yip for the partial payment of unpaid legal bills relating to a contempt case Yip ... not be violating any confidence.' The judges ruled Yip and Cheng were liable for Kennedy's legal costs. A subsequent police investigation also led to Cheng and four other defendants- including ...

    http://www.scmp.com/article/979909/liquidator-seeks-hk27m-unpaid-legal-bills
  5. Better to seek advice early if you run into financial trouble, experts say

    Posted Aug 01st 2011, 12:00am

    ... main story.) An IVA is a formal procedure under the Bankruptcy Ordinance providing an alternative to bankruptcy. A debtor makes a repayment proposal to the court and the creditors. If approved, it is legally binding. But Desmond Liaw, senior associate at law firm Reed Smith Richards Butler, cautions that you're at the mercy of the creditor in this. To agree, they must think they'll ...

    http://www.scmp.com/article/975021/better-seek-advice-early-if-you-run-financial-trouble-experts-say
  6. Government revises bankruptcy bill for another legislative run

    Posted Jul 10th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu The government has announced concessions to its long-delayed Chapter 11-style bankruptcy bill in a bid to prevent another embarrassing failure in its decade-long battle to push the law change through. 'The revised proposals have adopted a b ...

    http://www.scmp.com/article/719324/government-revises-bankruptcy-bill-another-legislative-run
  7. 18 HK banks commit cash to Lehman legal move

    Posted Dec 18th 2008, 12:00am by Martin Wong, Paggie Leung

    ... until the legal issues were clarified and addressed. Asked how the money would be used and if it would be spent on a legal battle between the trustee and the liquidator of Lehman Brothers, ... as possible on what action to take to protect the investors. James To Kun-sun, a Democrat legislator who is also a lawyer, said the HK$100 million would probably be used in a legal battle between ...

    http://www.scmp.com/article/664225/18-hk-banks-commit-cash-lehman-legal-move
  8. Deduction decision in legal fight irks Lehman investors

    Posted Dec 19th 2008, 12:00am by Paggie Leung

    ... Paggie Leung The HK$100 million put up by 18 Hong Kong banks 'to protect the interest of investors' in Lehman Brothers-linked derivatives amid a US legal battle will be deducted ... include a legal battle with liquidators for Lehman Brothers, whose lawyers have told HSBC that, under US bankruptcy law, issuing banks may not sell the derivatives. The banks had intended selling ...

    http://www.scmp.com/article/664377/deduction-decision-legal-fight-irks-lehman-investors
  9. Investor sues firm over HK$10m loss

    Posted Oct 03rd 2009, 12:00am by Staff Reporter

    ... Yvonne Tsui A businessman is claiming damages for the loss of more than HK$10 million he says he was misled into investing in a venture to make pork and chicken edible without cooking. In a writ filed in the High Court on Thursday, Ang Tai-hoi is claiming ...

    http://www.scmp.com/article/694350/investor-sues-firm-over-hk10m-loss
  10. Leaky legal umbrella put to test

    Posted Dec 13th 2004, 12:00am by Jane Moir

    ... Dissatisfaction with a mandatory indemnity fund may force profession to seek a touchy judicial review, writes Jane Moir A murmur of discontent is rippling through the legal profession ... and legal claims against solicitors were mounting. Last year, members had to put up $132 million to make sure the fund did not go into the red. The claims are still coming in, and a further call ...

    http://www.scmp.com/article/481934/leaky-legal-umbrella-put-test

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