Directors’ duties in insolvency: Hong Kong court warns of personal liability for frivolous challenges to winding-up orders

Introduction On 17 November 2025, the Hong Kong Court of Appeal delivered its reasons for judgment in Target Insurance Company Limited (in compulsory liquidation) v Nerico Brothers Limited [2025] HKCA 1024.  In this ruling, the Court imposed personal costs liability on a company’s sole director for pursuing an appeal against a winding-up order that it…

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No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to…

Rising from the ashes: How a 50-year-old smallcap company avoided bankruptcy and delivered 100% return

Founded in 1972, Jayaswal Neco Industries, a smallcap company with a market cap of just over Rs 7,200 crore, is one of India’s oldest private-sector integrated steel companies, with operations spanning mining, iron-making and rolled steel products. However, the company had a tumultuous journey from heading to near bankruptcy to scripting a strong rebound with…