引言
近期,香港高等法院正式颁布针对一家大型港股公司(“港股公司”)的清盘令并委任清盘人。这宗债项涉及约数十亿美元的清盘呈请终于落下帷幕,也成为香港有史以来涉及金额最大的清盘案件之一。不少客户均希望了解,香港法下这类清盘对债权人利益及权利之影响。我们将持续推出系列文章,为大家介绍有关内容。
案情简介
根据香港公司清盘法律规定,公司任何一位债权人、股东或公司本身均可通过向高等法院提交清盘呈请书发起针对该公司的强制清盘。就该案而言,数月前港股公司的一债权人入禀香港高等法院,对港股公司提起清盘呈请(“呈请”)。该清盘呈请提出后,历经多次聆讯及延期申请,香港高等法院最终针对港股公司颁布了清盘令。
债权人对清盘债务人的行动
一旦公司进入强制清盘程序,根据香港公司清盘法律规定,所有针对该公司的诉讼程序均会自动中止。该规定目的在于确保清盘程序的有序进行,公司资产不会被用于提起或辩护任何法律程序,以保护公司财产和债权人利益。
引言
近期,香港高等法院正式颁布针对一家大型港股公司(“港股公司”)的清盘令并委任清盘人。这宗债项涉及约数十亿美元的清盘呈请终于落下帷幕,也成为香港有史以来涉及金额最大的清盘案件之一。不少客户均希望了解,香港法下这类清盘对债权人利益及权利之影响。我们将持续推出系列文章,为大家介绍有关内容。
案情简介
根据香港公司清盘法律规定,公司任何一位债权人、股东或公司本身均可通过向高等法院提交清盘呈请书发起针对该公司的强制清盘。就该案而言,数月前港股公司的一债权人入禀香港高等法院,对港股公司提起清盘呈请(“呈请”)。该清盘呈请提出后,历经多次聆讯及延期申请,香港高等法院最终针对港股公司颁布了清盘令。
债权人对清盘债务人的行动
一旦公司进入强制清盘程序,根据香港公司清盘法律规定,所有针对该公司的诉讼程序均会自动中止。该规定目的在于确保清盘程序的有序进行,公司资产不会被用于提起或辩护任何法律程序,以保护公司财产和债权人利益。
In brief
The courts were busy in the second half of 2021 with developments in the space where insolvency law and environmental law overlap.
In Victoria, the Court of Appeal has affirmed the potential for a liquidator to be personally liable, and for there to be a prospective ground to block the disclaimer of contaminated land, where the liquidator has the benefit of a third-party indemnity for environmental exposures.1
In brief
Australia's borders may be closed, but from the start of the pandemic, Australian courts have continued to grapple with insolvency issues from beyond our shores. Recent cases have expanded the recognition of international insolvency processes in Australia, whilst also highlighting that Australia's own insolvency regimes have application internationally.
Key takeaways
In brief
With the courts about to consider a significant and long standing controversy in the law of unfair preferences, suppliers to financially distressed companies, and liquidators, should be aware that there have been recent significant shifts in the law about getting paid in hard times.
In brief
In brief
Creditors commonly find that their applications to wind up a company are suddenly deferred at the last minute by the appointment of a voluntary administrator. Now, in the early days of the small business restructuring (Part 5.3B) process, the courts are already grappling with those circumstances in the context of that new regime. At the time of writing1, only four restructuring appointments under Part 5.3B have been notified to ASIC. Two of them have been the subject of court proceedings.
The resulting decisions reveal:
In brief
The new small business insolvency reforms enacted by the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth) (Corporations Amendment Act) - which inserts a new Part 5.3B into the Corporations Act 2001 (Cth) (Corporations Act) - are due to come into effect on 1 January 2021.
In brief
The new small business insolvency reforms enacted by the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Corporations Amendment Act) - which inserts a new Part 5.3B into the Corporations Act 2001 (Cth) (Corporations Act) - are due to come into effect on 1 January 2021.
In brief
The Federal Court has ordered that an insolvency professional be appointed to act as a referee and to decide questions of insolvency in relation to a series of alleged unfair preferences, rather than have the judge undertake that task.
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