 Corporate Insolvency Cases 1. Winding up Listcos in Hong Kong - recent decision illustrates the difficulties creditors may face Re China Huiyuan Group Ltd [2020] HKCFI 2940 2. Hong Kong Court’s approach to validation application for MPF contributions made after the commencement of winding up Re Hsin Chong Construction Co Ltd [2020] HKCFI 3160 3. One petition against one debtor at one time Re China Greenfresh Group Co Ltd [2021] HKCFI 36 4. Failure to plead the basis of a petition clearly may render the petition defective Pointer & Dent Co Ltd [2020] HKCFI 2823 5.

The new German stabilizing and out of court restructuring regime came into effect on 1 January 2021. The "Stabilization and Restructuring Framework of Companies Act", known as StaRUG1, heralds a new phase in the German restructuring landscape, introducing a framework of tools including a new restructuring plan, which will enable debtors to restructure and cram down minority creditors outside of German insolvency proceedings for the first time.

引言\

香港法例第 485 章《強制性公積金計劃條例》規定，僱員及僱主均須在強制性公積金計劃 （「強積金」）作出強制性供款，違例的僱主即屬犯罪，而強制性公積金計劃管理局（「積金 局」）可提出法律程序追討強制性供款。最近在 Re Hsin Chong Construction Co Ltd [2020] HKCFI 3160 一案中，法院探討了公司在清盤開始後支付的尚欠強制性強積金供款，是否可獲 法院認可。 

背景

經營建築服務的新昌營造廠有限公司（「該公司」）正在進行清盤。2018 年 2 月起，該公司 偶然未能為其僱員作出強制性強積金供款。積金局對該公司提出民事訴訟，並在該公司沒有抗 辯下就四項申索取得勝訴，可討回 2018 年 3 至 9 月的未付強積金供款合共港幣 958 萬元。

引言

香港法例第 485 章《强制性公积金计划条例》规定，雇员及雇主均须在强制性公积金计划 （「强积金」）作出强制性供款，违例的雇主即属犯罪，而强制性公积金计划管理局（「积金 局」）可提出法律程序追讨强制性供款。最近在 Re Hsin Chong Construction Co Ltd [2020] HKCFI 3160 一案中，法院探讨了公司在清盘开始后支付的尚欠强制性强积金供款，是否可获 法院认可。 

背景

经营建筑服务的新昌营造厂有限公司（「该公司」）正在进行清盘。2018 年 2 月起，该公司 偶然未能为其雇员作出强制性强积金供款。积金局对该公司提出民事诉讼，并在该公司没有抗 辩下就四项申索取得胜诉，可讨回 2018 年 3 至 9 月的未付强积金供款合共港币 958 万元。

While there has been much fuss over the recent ruling by the United States District Court for the Southern District of New York in In re Nine West LBO Securities Litigation¹ due to its potential ramifications for director liability, as we explored in Part I of our series on this case here, court watchers have paid less attention to the court’s treatment of officer liability and the interes

Introduction

In January 2020, we analyzed a split among the Circuit Courts regarding whether a non-debtor holding a debtor’s property on the petition date has an affirmative obligation under section 362(a)(3) of the Bankruptcy Code to return that property to the debtor immediately following the filing of the bankruptcy petition.

The holidays came early for the United States Trustee (the “U.S. Trustee”) on November, 3, 2020, when a three-judge panel of the United States Circuit Court for the Fifth Circuit, on direct appeal, reversed the bankruptcy court and upheld the constitutionality of a 2017 increase to quarterly fees payable to the U.S. Trustee in Hobbs v. Buffets LLC (In re Buffets LLC), No. 19-50765, 2020 U.S. App. LEXIS 34866 (5th Cir. Nov. 3, 2020). Although the Fifth Circuit’s opinion addresses a variety of constitutional challenges to the recent increase to U.S.

Introduction

Introduction

In the recent case of Re FDG Electric Vehicles Limited [2020] HKCFI 2931, the Court held that when the Hong Kong court recognises offshore provisional liquidation, there would not be an automatic stay of proceedings in Hong Kong.