Companies (Winding-Up and Miscellaneous Provisions) Ordinance (Cap.32): Commentary and Annotations, 2018 Edition


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Companies (Winding-Up and Miscellaneous Provisions) Ordinance (Cap.32): Commentary and Annotations, 2018 Edition
May 2018
DUO (Print+eBook)

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One of the first publications to offer an analytical and comprehensive look at the recent amendments and revisions to the Companies (Winding-Up and Miscellaneous Provisions) Ordinance (Cap.32) just enacted this past 2017.

An essential publication to comprehend all relevant amendments and changes to the law, examining and analysing:

• Review and analysis of the key provisions from the 2016 Amendments designed to increase the protection of creditors in the course of a company winding-up, including a full review and analysis of:

(i) New ss.265A-265E, 266C-266D: Allows the company to set aside undervalued transactions entered into within five years prior to the commencement of its winding-up;
(ii) New ss.266, 266A-266D: Increased power of the Courts to set aside questionable pre-winding-up transactions entered into by the company with unfair preferences;
(iii) New ss.228A and 228B: Additional safeguards to reduce the risk of abuse by directors during a voluntary winding-up process;
(iv) New ss.296A-296E: Streamlining the winding-up process to save time and costs for the administration of such cases; etc.

• Significant judicial decisions, rules of court, glossary of words and phrases, discussions on practical aspects and contentious issues in reference to each section and other authoritative materials including cross-jurisdictional references to corollary legislation are all updated and incorporated in this 2018 edition.



ProView eBook Exclusive Content:

1. Summary of revisions and changes to the law resulting from the 2016 Amendments to the Ordinance
2. Guide to the winding-up of a company
3. Sample Winding-Up Forms