• Mon
  • Apr 21, 2014
  • Updated: 5:18am


Liquidation specialist warns of mainland risks

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 specialist says.

Monday, 24 October, 2011, 12:00am

Ferry crew angry they took Macao Dragon liquidator at its word

More than 60 former crew members from failed fast ferry operator Macao Dragon yesterday complained of shabby and unfair treatment by liquidators following the company's collapse.

8 Oct 2011 - 12:00am

In secret room, behind cupboards, liquidators unearth Moulin's ghosts

Investigators scour files detailing alleged phantom debtors

Provisional liquidators of Moulin Global Eyecare Holdings - which once touted itself as the world's third-largest eyewear firm - say they have found detailed evidence of dubious transactions stashed in a secret room hidden behind hinged cupboards at the company's offices.

18 May 2006 - 12:00am

Liquidators seek to wind up Moulin amid legal dispute

Former in-house lawyer launches court action in US claiming 3pc stake in ECCA

The provisional liquidators of Moulin Global Eyecare Holdings are seeking to wind up the company amid an acrimonious legal dispute with a former in-house lawyer of the eyewear firm.

16 May 2006 - 12:00am

Ernst & Young faces order

Liquidators of failed Akai Holdings will ask the High Court to force the accounting firm to hand over key documents

A court order is being sought to force Ernst & Young to hand over key documents relating to Akai Holdings, the flagship company of tycoon James Ting that spectacularly collapsed in 2000 after posting a record US$1.72 billion loss.

20 Oct 2003 - 12:00am

Liquidators to take PwC to High Court

The hunt for Zhu Kuan Group assets is to spiral into the High Court as provisional liquidators lock horns with the Zhuhai government-owned companies' former adviser, PricewaterhouseCoopers (PwC), over books and records.

25 Sep 2003 - 12:00am

Body blow for spa members

Body by Deborah - the upmarket spa that crashed last year leaving about 2,000 members out of pocket - has finally been laid to rest.

Some $458,325 was raised by liquidators with a sale of gym equipment to a mainland firm. But because that money had been absorbed by liquidator's fees, creditors - who were owed a total of $40 million - will receive nothing.

22 Jan 2003 - 12:00am

When the joke's on creditors

MORE FUN AND games at Luen Cheong Tai International Holdings.

A few weeks ago, this column described some unusual business deals that left creditors somewhat perplexed.

10 Oct 2002 - 12:00am

Banks lose US$100m guarantee claim

Liquidators of the Guangdong International Trust & Investment Corp (Gitic) have rejected a claim by a group of foreign banks that a loan guarantee provided by the Hong Kong arm of the company should be admitted for payment.

14 Oct 2000 - 12:00am

Former bosses win key appeal ruling in Chark Fung Securities saga

Hong Kong's appeal court has struck a big blow for former bosses of collapsed Chark Fung Securities, who are taking KPMG liquidators to task over a HK$97 million lawsuit.

It is impossible to ascertain how much is owed to the company in liquidation without a full trial taking place, the judges ruled yesterday.

13 Jul 2000 - 12:00am