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Continue ReadingProtection of Wages on Insolvency Fund (Update 1)
A few weeks ago we drew attention to the proposed changes to the Protection of Wages on Insolvency Fund (“PWIF”) which would mean that employees could be paid up to a maximum of HK$10,500 by the PWIF in respect of unpaid holiday pay. This was seen as a very positive move designed to give further…
Continue ReadingProtection of Wages on Insolvency Fund
The Hong Kong government is going to amend the Protection of Wages on Insolvency Fund legislation to allow payments to be made to employees of insolvent companies in respect of unpaid holiday pay. Employees who are owed wages, wages in lieu of notice and severance pay by insolvent employers may apply for ex gratia payments…
Continue ReadingProvisional Supervision in Hong Kong
You might remember in early 2009 the fanfare that greeted the government’s proposals to re-introduce Provisional Supervision. Well, we are now over two years down the road, with a lengthy consultation period behind us, only to find that the bill will not now be going before Legco for the present session that ends in mid-2012….
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