Announcements
Announcements
Revision of Panel A Rules
The Official Receiver’s Office has reviewed the Panel A Rules in consultation with the Hong Kong Institute of Certified Public Accountants. The revised Panel A Rules will be effective from 1 April 2024.
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Revision of standard rates of fees under the Panel A Scheme
The Official Receiver’s Office has reviewed the standard rates of fees at Annex C to the Panel A Rules. The rates will be revised with effect from 1 February 2024.
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ORO enters into a Cooperation Arrangement with the Bankruptcy Affairs Administration of Shenzhen Municipality to enhance cooperation on bankruptcy law matters (with photos)
The Official Receiver’s Office (ORO) on 18 January 2024 entered into a Cooperation Arrangement with the Bankruptcy Affairs Administration of Shenzhen Municipality (BAAS), to enhance cooperation on bankruptcy law matters.
The Cooperation Arrangement was signed by the Official Receiver, Ms. Phyllis McKenna and the Commissioner of the BAAS, Mr. Zhang Jiebo. The cooperation areas include timely communication and exchanges on bankruptcy law-related issues, and arranging mutual exchanges, studies and seminars.
Ms. McKenna, the Official Receiver, said, “The Cooperation Arrangement is a significant step in strengthening communication and the exchange of information on important bankruptcy-related issues and developments between both sides. Entering into the Cooperation Arrangement with the BAAS will help keep the Hong Kong SAR abreast of the developments in bankruptcy law and practices in the Mainland and vice versa. As personal bankruptcy regulations were implemented for the first time in Shenzhen, this is an important milestone for the development of the Mainland personal bankruptcy regime and this arrangement will help foster mutually beneficial cooperation.”
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