Investigation of Insolvent Companies in Hong Kong: A Corporate Governance Crisis
Charles D. Booth
Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa; University of Hawaii at Manoa - William S. Richardson School of Law
Briscoe & Wong
University of Hong Kong - Faculty of Law
Hong Kong Law Journal, Vol. 39, p. 59, 2009
The authors discuss a corporate governance crisis in Hong Kong involving the investigation of insolvent companies. Over the last decade the rates paid to insolvency practitioners to handle 'summary cases' in liquidation has been steeply declining. At the current rate of HK$2,558 per case, it is not possible to undertake a proper investigation of the insolvent company. To address this problem, the authors propose that the government consider establishing a special investigations unit.
Accepted Paper Series
Date posted: July 13, 2009 ; Last revised: February 12, 2010
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