- Instructor: Anne Carver
- Students: 1
- Duration: 3 hours
Date: 05 September 2023 (Tuesday) Time: 2:30pm – 5:45pm Language: English Level: Elementary
Speaker: Anne Carver, now teaches part time at the Chinese University in the School of Business and in the School of Public Health, where she is an Honorary Professor
Lawyer CPD / ACCA CPD / SFC CPT / Insurers’ CPD Pts: 3 Fee: HK$1,790
This Seminar will provide an overview and an evaluation of Hong Kong’s 2017 corporate insolvency regime for company directors. The 2017 Legislative Council Brief advised that this new efficient and effective winding-up regime would “give protection and confidence to investors and creditors and promote the business environment in Hong Kong”. The three stated policy objectives of the amendments to cap 32 were to increase the protection of creditors, to streamline the winding-up provisions and to further enhance the integrity of winding-up. This Seminar will therefore evaluate aspects of Hong Kong 2017 insolvency law as it relates to the protection of creditors and the promotion of confidence. We shall critically assess those areas where directors have become more exposed and examine the powers of the liquidators under the new streamlined provisions of Hong Kong insolvency law.In addition, we shall examine the power of Liquidators and the inherent powers of the Court as explained in the Court of Appeal judgment In the Matter of China Medical Technologies and In the Matter of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, cap 32  HKCA 252.