One of the principle roles of a liquidator, as well as realising the assets of the company and distributing them to the creditors, is to investigate the reasons why the company has failed.
Indeed, these investigations can often give rise to additional recoveries for the benefit of the company’s creditors.
However, it is frequently the [...]

The powers of the provisional liquidators are those set down in the order pursuant to which he is appointed. In most cases, the solicitors acting for the petitioner will present to the Court a fairly extensive list of powers but it cannot be assume that the Court will automatically agree with the powers sought. The [...]

Before addressing the issue of provisional liquidation and provisional liquidators it is perhaps useful to explain that in Hong Kong there can be at least three different kinds of provisional liquidators.
The first, and arguably the most important kind of provisional liquidation appointment is one that is made pursuant to section 193 of the Ordinance. [...]