• Home
  • Insights
  • Third party funding agreements and insolvency proceedings 第三方资助协议以及破产清盘程序

23 Jul 2020

Third party funding agreements and insolvency proceedings 第三方资助协议以及破产清盘程序

Linkedin

Re Patrick Cowley and Lui Yee Man, Joint and Several Liquidators of the Company [2020] HKCFI 922 (date of judgment: 27 May 2020)

Re Patrick Cowley and Lui Yee Man, Joint and Several Liquidators of the Company [2020] HKCFI 922(判决日期:2020年5月27日) 

It is common for insolvency practitioners in Hong Kong to seek Court sanction on third-party litigation funding agreements in light of the law of champerty and maintenance. In this case, the Hong Kong Court clarified that a liquidator does not require Court sanction in order to enter into a third-party funding agreement.

香港破产清盘从业人士通常会因为有关包揽诉讼和助讼的法律,就第三方资助协议向法院寻求认许。在此案中,香港法院澄清清盘人在订立第三方资助协议前无须取得法院的认许。

 

Click here to read more.

点击此处阅读更多详情

Linkedin

KEY CONTACT

Alexander Tang

Alexander Tang
Partner

T:  +852 2533 2881 M:  Email Alexander | Vcard Office:  Hong Kong