Slotine explains the steps and stakeholders involved in creditors’ voluntary winding-up and directors’ voluntary winding-up of an insolvent company in Hong Kong.
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.
Hong Kong, Company & Commercial, Insolvency & Restructuring, Litigation, Slotine, Shareholder, Creditors' rights