Green Light for Liquidators to Assign Equitable Interests in Debt Recovery Action to Litigation Funding and Recovery Agent
International Business Articles
ONC Lawyers
Hong Kong
Introduction
It is not uncommon for liquidators to identify actionable claims when looking into the affairs of a winding-up company, however, it may not always be feasible to pursue such claims either because the winding-up company lacks sufficient funds or there are high uncertainty in the chance of successful recovery.
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November 2014