Rights of Employees on Insolvency of Employer - HK
Jun 12th, 2008 | By admin | Category: Rights of Employees in Insolvency - HKThe following is summary of the rights and entitlements of employees in the event that an employer becomes subject to Compulsory Winding up proceedings.
Under the provisions of S.265 of the Companies Ordinance, an employee has claims against an insolvent employer. Some are preferential, others are unsecured. When a company is wound up, the Protection [...]
