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Troy Greig
Our Restructuring and Insolvency Practice is acknowledged in Global Restructuring Review’s GRR100 2023
We are pleased to share that for the fifth year running our Restructuring and Insolvency Practice is acknowledged as a key player and remains the sole Hong Kong-centred firm in Global Restructuring Review’s GRR100 2023 compilation of the world’s leading law firms for cross-border restructuring and…Read More
Service by NFT – Court serves defendants by ‘airdrop’ into digital wallet
BACKGROUND In D’Aloia v (1) Persons Unknown and (2) Binance Holdings Limited and others, the High Court of England and Wales granted the claimant permission to serve court proceedings on ‘persons unknown’ over blockchain, by way of non-fungible tokens (NFTs). NFTs NFTs are a relatively…Read More
Agreeing to be unfair: Can shareholders agree to oust the right to petition to wind up a company?
Establishing a new company can be nerve-racking. A well-drafted shareholders’ agreement ensures that everyone’s respective rights and obligations are clear, helping to minimise potential future disputes. But what are the limits of these agreements; can a shareholder agree that it will not present an “unfair…Read More
You Only Liquidate Twice
Can a winding-up petition be presented when a company is being wounded up voluntarily? The relevant law (the Companies Winding Up and Miscellaneous Provisions Ordinance) states clearly that the winding up of a company shall not bar the right of any creditor (or contributory) to…Read More
Troy Greig promoted to Partner to further boost Tanner De Witt’s Restructuring and Insolvency Practice
Tanner De Witt is pleased to announce the appointment of restructuring and insolvency lawyer Troy Greig as a Partner of the firm. Troy remarks: “I am incredibly grateful to the Partners and staff for their continuing support; to be afforded this opportunity with TDW is an…Read More
Tanner De Witt recognised in Global Restructuring Review’s GRR100 2021 list
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
Four things for directors to keep in mind when considering appointing liquidators
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
Legal update: Bankrupt’s contact details are not ‘confidential’, ‘private’ or ‘privileged’
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
Press Release: Tanner De Witt promotes Troy Greig to Consultant
Tanner De Witt announces with great pleasure the promotion of Troy Greig to one of the firm’s few Consultant roles. The promotion took effect on 1 March 2020. An adept international lawyer, Troy has considerable insolvency and restructuring experience, having worked with top tier firms in Australia…Read More
Overview of Insolvency Law in Hong Kong
This paper sets out a brief overview of corporate insolvency law in Hong Kong and compares and contrasts the insolvency laws in Hong Kong with those of other jurisdictions. It was discussed at the Insolvency Session of the IATA Legal Symposium 2006. Hong Kong Insolvency…Read More
Challenges of Cross-Border Insolvencies
The UNCITRAL Model Law on Cross-Border Insolvency, Hong Kong and the Commonwealth Background The United Nations Commission on International Trade Law (UNCITRAL) initiated the Model Law against the backdrop of increasing incidence of cross-border insolvencies. National insolvency laws were considered ill-equipped to deal with cases…Read More
Liquidator’s Avoidance Powers: Unfair Preference and Fraudulent Conveyance
Background In an insolvent winding up in Hong Kong, a liquidator’s primary duties are to realize the company’s assets and settle its liabilities. In doing so, the liquidator will review past conduct, decisions and actions in relation to the operation of a company and the…Read More
