Make HK directors liable now

Author: | Published: 19 May 2009

Talk on Hong Kong’s corporate rescue regime has been delayed until 2010, says the government, but industry practitioners are lobbying for an urgent change to the laws governing director liabilities.

Last Wednesday, the Financial Secretary confirmed that a rescue regime “will be submitted to the LegCo [Legislative Council] for scrutiny in the second half of next year at the earliest”, but insolvency specialists say this is not...