Introduction Notwithstanding heightened awareness of cyber-fraud, it is still common for individuals to be duped by fraudsters into remitting money to bank accounts in Hong Kong (and elsewhere of course) with the funds then being further dissipated by the fraudsters to put them beyond the…Read More
We are proud to announce that Tanner De Witt is now a signatory to the Greener Litigation Pledge.
We are delighted to announce that Tanner De Witt’s award-winning, top tier Restructuring and Insolvency practice is once again listed in the Global Restructuring Review’s GRR100 2021 compilation of the world’s leading law firms for cross-border restructuring and insolvency matters. We continue to be the only firm from Hong…Read More
Introduction Rather unfortunately, there are no statutory provisions available to a company to set aside a statutory demand. If a company is served with a statutory demand and disputes the alleged debt, save for agreeing with the alleged creditor not to present a winding-up petition,…Read More
On Tuesday 20 April, Restructuring and Insolvency Partner Sunny Hathiramani will speak on a webinar hosted by the International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL International), the foremost organisation for accountants and lawyers who specialise in turnaround and insolvency. The webinar is on cross-border insolvencies under…Read More
Legal update: Presenting winding-up/bankruptcy petitions based on foreign judgment debts – Is registration required?
Can a foreign order or judgment be immediately enforced in Hong Kong? Generally, the answer is no. Depending on where the judgment comes from, either it must first pass registration under the Foreign Judgments (Reciprocal Enforcement) Ordinance, or if not caught by that ordinance, there…Read More
An update on cross-border insolvency cooperation in Hong Kong: recognising and assisting foreign insolvency practitioners
A crucial aspect of cross-border insolvency cooperation is the recognition of foreign proceedings and providing assistance to foreign office holders. A helpful explanation of the purpose of recognition was provided by Lord Hoffman in Cambridge Gas:“[t]he purpose of recognition is to enable the foreign office…Read More
Handing over control of a company to strangers is a tough decision, but is one that is ever-present for a director facing the prospect of insolvency. Ian De Witt and Troy Greig point to some high-level issues that any sensible director facing this scenario should…Read More
Tanner De Witt is proud to be recommended this year in The Legal 500 Asia Pacific Guide 2021 for its four main practice areas; corporate and commercial, employment, restructuring and insolvency and dispute resolution. Notably, partners Ian De Witt, Robin Darton and Kim Boreham are ranked in the Hall of Fame, while Pamela Mak is recognised…Read More
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. The successful deployment of the trustees examination powers…Read More
We are delighted to announce that Tanner De Witt’s award-winning, top tier Restructuring and Insolvency practice is once again listed in the Global Restructuring Review’s GRR100 2020 compilation of the world’s leading law firms for cross-border restructuring and insolvency matters. This year, we are the…Read More
Sunny Hathiramani and Veronica Chan give a presentation to HKICPA Restructuring and Insolvency Faculty members
Restructuring and Insolvency Partner Sunny Hathiramani and Solicitor Veronica Chan were recently invited by the Hong Kong Institute of Certified Public Accountants Restructuring and Insolvency Faculty (RIF) to give a live webinar on liquidators’ personal liability for costs, litigation funding, and related case law developments….Read More