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Legal Update

Resolving the Conflict: A Pragmatic Approach to the Appointment of Receivers as Provisional Liquidator

18 May 2012
Mayer Brown Legal Update

Did you know... that the court may, in special circumstances, exercise its discretion to appoint pre-existing receivers as a company's provisional liquidators.

In the recent decision of Re K Vision International Investment (Hong Kong) Limited, the Honourable Mr. Justice Barma confirmed that, where the circumstances require it, the court will exercise its discretion to appoint pre-existing receivers of a company's assets as that company's provisional liquidators provided that potential conflicts of interest are identified and appropriately addressed.

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