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Companies (Winding Up and Miscellaneous Provisions) (Amendment) Ordinance 2016 to take effect on February 13

10 February 2017

The Companies (Winding Up and Miscellaneous Provisions) (Amendment) Ordinance 2016 (the Amendment Ordinance) will come into operation on February 13, 2017.

The Amendment Ordinance seeks to amend the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) and its subsidiary legislation to increase protection of creditors, streamline the winding up process and strengthen regulation under the winding up regime with a view to improving and modernising Hong Kong's corporate winding-up regime. Related, consequential and minor technical amendments are also made to relevant legislations.

To learn more about the Amendment Ordinance, please visit the website of the Official Receiver's Office (ORO) ( www.cr.gov.hk/en/publications/docs/QandAs%20on%20CWUMPAO.pdf).

Any further enquiries can be addressed to the ORO's hotline at 2867 2448.
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