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Insolvency lawyers in Hong Kong

Insolvency Lawyers in Hong Kong

Our team of insolvency lawyers and litigators regularly act in high profile insolvencies and corporate collapses in Hong Kong.

Gall’s specialist team of insolvency lawyers and litigators are able to advise on all areas of contentious insolvency, including:

  • Advising appointment takers and insolvency practitioners
  • Identification and realisation of assets in insolvent estates
  • Pursuing recovery actions on behalf of appointment takers
  • Obtaining validation orders
  • Enforcement of security
  • Creditor services
  • Investigations and examinations
  • Ex parte applications for the appointment of provisional liquidators
  • Advising on cross border insolvency issues
  • General advice in respect of terminal and non-terminal companies
  • Advising directors on their duties and liabilities
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Frequently asked questions

It means a company can no longer meet its financial obligations to its lenders as debts become due.

  • A members’ voluntary liquidation;
  • A creditors’ voluntary liquidation; and
  • A compulsory liquidation ordered by the Court.

Our team of specialist insolvency lawyers and litigators can provide expert advise on the procedures for winding up a company, the disposition of property after the commencement of winding-up and applications for validation orders.

When a company goes into liquidation its assets are sold to repay creditors.

Our insolvency lawyers and litigators offer a wide range of creditor services including advice on making claims, submitting proofs of debt and arranging attendance at creditors’ meetings.

If the company has a genuine dispute to the debt in question, it can apply for an injunction to prevent a winding up petition from being presented.

Gall’s team of insolvency lawyers and litigators can advise on how to apply to court for an injunction to restrain the issue of a creditor’s petition to wind up a company thereby stopping the company from going into liquidation.

No, our expert insolvency lawyers and litigators note that you don’t have to present a statutory demand before a winding up petition.

Gall’s team of insolvency lawyers and litigators recommends that the company should consider whether it has a genuine dispute to the debt in question. If so, it can contest the petition.

Yes, the Hong Kong Court does have jurisdiction to wind up a foreign non-registered company.  Such jurisdiction may be exercised if the following requirements are satisfied:-

  1. The company has a sufficient connection with Hong Kong;
  2. There is a reasonable possibility that the winding up order would benefit those applying for it; and
  3. The Court must be able to exercise jurisdiction over one or more persons in the distribution of the company’s assets.

Our team of insolvency lawyers and litigators are well versed on cross-border insolvency issues.

Directors’ powers cease once liquidators are appointed and a winding up Order is made.  The liquidators will investigate the company’s affairs and assets during liquidation.  The liquidators may investigate and pursue the directors and other officers of the company if there is any misconduct on their part (e.g. fraudulent trading, unfair preference, misappropriation of assets, concealment of books and records, etc.).

There may be criminal consequences on the officers, so the officers concerned should seek legal advice from our specialist team of insolvency lawyers and litigators as soon as possible.

Gall is well known in the local market for being an independent litigation firm with experienced litigators capable of handling various types of most complex civil litigation. Partners are commercial and friendly.

Leading Firm, Legal 500 Asia Pacific 2022

The team is user friendly and costs conscious.

Evelyn Chan works with most of the active IPs in town and is a rising star.

Leading Firm, Restructuring & Insolvency – Legal 500 Asia Pacific 2021

“Extremely professional, concise, timely and creative.”
“Gall is a first-class firm, offering practical and cost-effective advice”

Outstanding Firm, Dispute Resolution – Asialaw Profiles 2020

Tier 2, Insolvency

Benchmark Litigation Asia-Pacific, 2020-2021

Dispute resolution boutique Gall regularly handles contentious insolvency matters on behalf of insolvency practitioners and debtors, and also often receives referral work from overseas law firms.

Leading Firm, Restructuring & Insolvency – Legal 500 Asia Pacific 2019

A boutique practice that ‘provides great technical advice and is sensitive to commercial issues’.

Leading Firm, Dispute Resolution – Legal 500 Asia Pacific 2019

The team is “always on time” and “gives strong advice.

Leading Firm, Dispute Resolution – Chambers Asia Pacific 2019

Highly Recommended Firm, Restructuring & Insolvency

Asialaw Profiles 2020

Tier 1 Firm, Hong Kong Domestic Firms

Benchmark Litigation Asia-Pacific 2019

Tier 2 Firm, Restructuring and Insolvency Hong Kong Domestic Firms

Benchmark Litigation Asia-Pacific 2019