导言
Introduction
引言
香港法院最近在Re Ando Credit Ltd [2020] HKCFI 2775一案中,首次批准一家香港公司任命临时清盘人[1],并明确旨在允许该临时清盘人向中国内地法院寻求内地法律的承认和执行。
引言
香港法院最近在Re Ando Credit Ltd [2020] HKCFI 2775一案中,首次批准一家香港公司任命临时清盘人[1],并明确旨在允许该临时清盘人向中国内地法院寻求内地法律的承认和执行。
On 26 June 2020, the Corporate Insolvency and Governance Act[1] (the Act) came into force.
The Act has significant implications for supply contracts as it will prevent many suppliers ending existing contracts once a business is insolvent. The Act will make a big impact on existing supply contracts, and will also affect the drafting and negotiation of new contracts.
近年市场竞争及经营环境不确定性持续增加的情况下,不少企业有可能面临营运及财务困难,导致债务违约的情况有上升的趋势。如果债务人资不抵债,债权人有权利用破产清盘的程序接管债务人的资产并尽量实现回收最大化。根据香港破产管理署公布的统计数字,在2019年1月至10月期间,强制公司清盘案及破产案呈请的数字达到7,062宗。我们藉此介绍近期香港法院就破产清盘颁发的两个重要判决。
1. 仲裁协议的存在是否会影响破产清盘程序的开展?
香港上诉法院近期在But Ka Chon v Interactive Brokers LLC [2019] HKCA 873一案中,考虑了债权相关的合同中约定有仲裁条款管辖的情况下,债权人利用法院破产清盘程序的权利会否受限。由于很多的商业协议均载有仲裁条款,法院的判决对债权人的权利及可采取的救济手段有重要意义。
在该案中,上诉人(证券公司客户,即债务人)与被上诉人(证券公司,即债权人)签订的客户协议约定双方之间的争议以仲裁解决。由于上诉人没有偿还保证金账户的欠款,债权人在香港法院申请上诉人破产。上诉人以双方已经约定仲裁为其中一个理由,请求上诉法院撤销债权人发出的法定偿债书。
In the final part of this series, we look at how you can protect your position and be prepared in the event of an impending insolvency.
Thinking ahead
It is always prudent to assess insolvency risk before finalising a contract. The trading history and financial position of a company should be carefully reviewed and a financial risk assessment made at both the outset and during the lifetime of a project. Obtain an up to date set of accounts and a credit report before entering into your contract to enable you to assess the counterparty's financial viability.
In the second of our mini-series on insolvency in construction, we consider what you need to do when you find out that the party you are in contract with has become (or is about to become) insolvent.
Who are you in contract with? Which specific entity?
The first thing you should do in the event of a counterparty's alleged insolvency is check which legal entity you are in a contract with.
This is in order to prevent you from acting too early and committing a repudiatory breach yourself, if you take pre-emptive action against your counterparty.
Insolvency is high on the agenda in the construction industry.
In the first of this mini series, we take a look at the meaning of insolvency and summarise the main insolvency processes that can typically affect parties involved in construction projects. The series will also address contract issues and minimising risk, so keep an eye out for our future articles on this topic.