Key changes to winding-up and insolvency law – International Law Office (registration)

After months of consultation and debate, the Companies (Winding Up and Miscellaneous Provisions) (Amendment) Ordinance 2016 has been published, although an enforcement date is yet to be set. This update focuses on the major changes to creditor protection and the winding-up process brought about by the amendment. It also considers the changes still to come as a result of the evolving landscape of Hong Kong insolvency law.

The press release accompanying the 2016 amendment’s publication stipulates that it “will improve and modernise Hong Kong’s corporate winding-up regime by providing measures to increase protection of cre…