Speaker(s)
- Ms Emily Li, Partner, Stephenson Harwood
- Ms Kimberley Leng, Counsel, Carey Olsen Hong Kong LLP
- Ms Joyce Lau FCG HKFCG, Head of Financial Accounting & Tax Services, Corporate Clients (Service Management), Vistra Greater China (Chair)
Description
This seminar aims to provide companies in Hong Kong and their directors and stakeholders with an in-depth understanding of the mechanisms available for resolving shareholder disputes in Hong Kong (HK) and the British Virgin Islands (BVI).
In the first segment, the discussion will focus on key legal remedies in HK, including Unfair Prejudice Petitions and Just and Equitable Winding Up. The session will explore the nuances of buyouts versus winding up, jurisdictional challenges involving foreign companies, and the implications of derivative actions.
The second part shifts to the BVI, highlighting information rights and the various legal avenues available to shareholders facing disputes. Topics will include Unfair Prejudice claims, liquidation, and the appointment of equitable receivers in cases of fraud. The discussion will also cover personal actions that may be taken against companies.
Finally, the seminar will feature a case sharing on the statutory buyout regime under Section 176 of the BVI Business Act, detailing its practical application and the rights of dissenting shareholders.
The comprehensive examination in the seminar will equip attendees with essential insights into effective dispute resolution strategies in both jurisdictions.
(Recorded in January 2025)
Level: Intermediate
Speakers' bios:
Ms Emily Li
Ms Kimberley Leng
Ms Joyce Lau (Chair)