Introduction
Aims
Winding-up process
Timescale
Missed opportunity?
Comment
The Companies (Winding Up and Miscellaneous Provisions) (Amendment) Ordinance 2016 introduces important changes to the administration of the winding-up process, although it is unclear when the changes will come into force. Following on from “Key changes to winding-up and insolvency law“, this update focuses on the changes which are designed to improve the integrity of existing processes rather than implement radical reforms. It also addresses whether the introduction of the somewhat limited new legislation represents a significant missed opportunity to modernise Hong Kong’s antiquated corporate insolvency regime.
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Read the full article at: http://www.internationallawoffice.com/Newsletters/Insolvency-Restructuring/Hong-Kong/Clifford-Chance-LLP/Key-changes-to-winding-up-and-insolvency-law-part-two