Insolvency Law

Bankruptcy for lawyer in HK$780m theft case

14 Jul 2012

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A former partner of international law firm K&L Gates accused of stealing at least HK$780 million of clients'...

3 Jul 2012

Hong Kong's maritime community was weighing the impact on its operations after Sanko Steamship, Japan's fourth-largest shipping company, filed for bankruptcy protection yesterday, four months...

Genmar chapter 11 filing reveals huge debts in HK

19 Nov 2011

Cosco Shipyard along with Hong Kong-headquartered ship management and chandlery companies are among the top 50 unsecured creditors after New York-listed tanker operator General Maritime (Genmar)...

Liquidation specialist warns of mainland risks

24 Oct 2011

The mainland may register only a few bankruptcy cases every year but the numbers hardly tell the true story of the innumerable overseas investors who got burned in ventures there, a liquidation...

Liquidator seeks HK$2.7m for unpaid legal bills

23 Sep 2011

Lawyers acting on behalf of a former liquidator of Wing Fai Construction, David Kennedy, have issued a statutory demand for HK$2.7 million against businessman Robert Yip Kwong.

Opinion

Wang Xiangwei

Super ministries may not be the right answer for mainland China

Alex Lo

Church developers remain unbowed by government rules

George Chen

A house is not a home until it becomes affordable

Better to seek advice early if you run into financial trouble, experts say

There is a deep stigma associated with money problems. They drive many people to hide their situations. People need to know at what point they really are in trouble so they can get help.

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'Tutor King' defrauded creditors, writ says

Celebrity tutor Karson Oten Fan Karno, who went bankrupt last year, transferred assets worth HK$50 million to his mother 'with an intent to defraud the creditors', a writ alleges.

Precedent cited in Samho case

A law firm acting on behalf of Norwegian investors seeking US$3.2 million in charter payments on two ships is expected to be able to pursue the action in Hong Kong. This is despite the South...

Bankruptcies fall to near 10-year low

Personal bankruptcies fell to an almost 10-year low last month, according to the latest figures from the Official Receiver's Office.

Bankruptcy petitions in October fell about 17...

Liquidator of yoga firm accused of conflict of interest

Two Democratic Party lawmakers have filed a complaint with an accountants' accreditation body, accusing an accountant of concealing his links to Planet Yoga while serving as one of the chain's...

In Brief

Probe into Lehman Brothers complaint cases nearly complete