Slotine explains the steps and stakeholders involved in creditors’ voluntary winding-up and directors’ voluntary winding-up of an insolvent company in Hong Kong.

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Slotine explains the nuts and bolts of the two routes towards closing down a solvent company in Hong Kong: members’ voluntary winding-up and deregistration.

This article debunks the myths surrounding court-sanctioned winding-up in Hong Kong and lays out the process clearly, so you know what to expect.

The term “winding-up” refers to the sale of a company’s assets to settle its debts and distribute the surplus (if any) to its shareholders. Once this process is complete, the company is dissolved.