The CFA has held that non-party funders and instigators of an unsuccessful winding-up appeal may be personally liable for indemnity costs, protecting creditors’ assets.
CFA upholds CPG winding-up order: a Mainland consent judgment conclusively establishes creditor standing, and an equitable assignor may still petition.
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YTL LLP partner Davyd Wong named exclusive Hong Kong winner of the 2026 Lexology Client Choice Award for Restructuring & Insolvency. Learn more.
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YTL LLP secures a landmark ruling which safeguards Hong Kong liquidators' ability to properly conduct winding up of non-Hong Kong company.