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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

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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。

 

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