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    香港法院如何處理公司開始清盤後支付的強積金供款認可申請
    2021-01-29

    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。

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, ONC Lawyers
    Authors:
    Ludwig Ng , Ivy Wang
    Location:
    Hong Kong
    Firm:
    ONC Lawyers
    香港法院如何处理公司开始清盘后支付的强积金供款认可申请
    2021-01-29

    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。

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, ONC Lawyers
    Authors:
    Ludwig Ng , Ivy Wang
    Location:
    Hong Kong
    Firm:
    ONC Lawyers
    An overview of temporary measures relating to Bankruptcy and Insolvency laws in response to the Covid-19 pandemic in the Asia Pacific Region
    2021-01-27

    The COVID - 19 pandemic has had a tremendous and unprecedented impact on the global economy.To mitigate this, many governments have introduced temporary relief measures to help local businesses.

    Filed under:
    Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea, Thailand, Insolvency & Restructuring, Ployprathip International Law Office, Bankruptcy, Coronavirus, Winding-up, Insolvency Act 1986 (UK)
    Location:
    Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea, Thailand
    Firm:
    Ployprathip International Law Office
    "Abuse of process" is the touchstone for injunction restraining a winding-up petition
    2021-01-28

    In Hung Yip (HK) Engineering Company Limited v. Kinli Civil Engineering Limited [2021] HKCFI 153, the Honourable Mr Justice Harris reiterated the test governing when the court will restrain the presentation of a winding-up petition. This is a timely reminder amidst the COVID-19 crisis, which has sparked disputes between companies and their creditors.

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, Dentons Hong Kong, Coronavirus
    Authors:
    Richard Keady
    Location:
    Hong Kong
    Firm:
    Dentons Hong Kong
    Without Further Ando, Time for Recognition and Reciprocity in Cross-Border Insolvency: Re Ando Credit Limited [2020] HKCFI 2775
    2021-01-20

    In Re Ando Credit Limited [2020] HKCFI 2775, the Honourable Mr Justice Harris appointed provisional liquidators over a Hong Kong- incorporated company, in an application  that broke ground as the first of its kind, made  with  the express purpose of  seeking  recognition  in  the Mainland.

    Filed under:
    China, Hong Kong, Insolvency & Restructuring, Litigation, Des Voeux Chambers
    Authors:
    Michael Lok , Jasmine Cheung
    Location:
    China, Hong Kong
    Firm:
    Des Voeux Chambers
    Opposing Contributories in Winding Up Petitions: When and how to oppose
    2021-01-20

    Often in winding-up petitions, contributories of the company, for one reason or another, may wish to oppose the winding-up petition in their own right, including by filing evidence and making submissions at hearings. One major concern a contributory may have in deciding whether to take this course of action is of course the potential costs consequences, especially in the scenario where the opposition is ultimately unsuccessful and the company is wound up.

    Filed under:
    Hong Kong, Company & Commercial, Insolvency & Restructuring, Litigation, Des Voeux Chambers
    Authors:
    John Hui , Christopher Chain, SC , Jasmine Cheung , Howard Wong
    Location:
    Hong Kong
    Firm:
    Des Voeux Chambers
    Managing misconceptions: Hong Kong court issues dual warnings over cross-border insolvency
    2021-01-19

    In a pair of significant judgments issued on the same day, Re China Huiyuan Juice Group Ltd. [2020] HKCFI 2940 and FDG Electric Vehicles Ltd. [2020] HKCFI 2931, the Honorable Mr. Justice Harris has once again issued highly relevant and timely guidance on key cross-border insolvency issues.

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, Hogan Lovells
    Authors:
    Jonathan Leitch , Nigel Sharman
    Location:
    Hong Kong
    Firm:
    Hogan Lovells
    Hong Kong to introduce Corporate Rescue Bill in early 2021
    2021-01-13

    At present, Hong Kong does not have any statutory corporate rescue regime. A financially distressed company may try to rescue its business by entering into (i) private debt restructuring agreement(s) with its major creditors; or (ii) a scheme of arrangement under the Companies Ordinance (Cap. 622), which allows for a compromise between the company and its shareholders and creditors.

    Filed under:
    Hong Kong, Insolvency & Restructuring, Deacons, Coronavirus
    Authors:
    Adeline Ng , Richard Hudson
    Location:
    Hong Kong
    Firm:
    Deacons
    Recent developments in Cross-border insolvency law
    2021-01-13

    Two recent decisions of the Honourable Mr Justice Harris are helpful additions to the growing amount of case law in this jurisdiction dealing with cross-border insolvency issues and are worthy of examination.

    Hong Kong Companies Court appoints provisional liquidators for the purpose of seeking recognition in Mainland for the first time

    Filed under:
    Hong Kong, Insolvency & Restructuring, Litigation, Deacons
    Authors:
    Judy Wu , Richard Hudson
    Location:
    Hong Kong
    Firm:
    Deacons
    Bankrupt’s contact details are not ‘confidential’, ‘private’ or ‘privileged’
    2021-01-12

    A bankrupt’s solicitors can be required to handover to the trustees in bankruptcy the bankrupt contact information, full details of last known whereabouts, and client trust account ledger records, pursuant to section 29 of the Bankruptcy Ordinance.

    Filed under:
    Hong Kong, Insolvency & Restructuring, Legal Practice, Litigation, Tanner De Witt
    Authors:
    Ian De Witt , Troy Greig
    Location:
    Hong Kong
    Firm:
    Tanner De Witt

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