Prior to 1 July 2000, in the event that sufficient funds were available to pay all creditors in full, interest was payable on the claims of creditors from the date of the winding up order to the date of payment of the proved claim. This was the case for all liquidations which commenced after 10 [...]

The principal change was that under the old legislation, the directors could commence the liquidation under S.228A if

“they consider it is necessary that the company be wound up and that there are good and sufficient reasons for the winding up to be commenced under this section”.

This has now [...]

Hong Kong’s Companies (Amendment) Ordinance 2000 came into effect 1 July 2000. From an insolvency perspective the principal changes were to ss194, 195 and 196 (Appointment of Liquidators), 228A (Commencement of Creditor’s Voluntary Liquidation), and 264A (Interest on Debts).
SECTIONS 194, [...]