Hong Kong High-Risk Litigation & Judicial Winding-Up Registry Corporate Directory & Search

The High Court assigns a case number (HCCW) and sets a hearing date. Commercial banks typically freeze the company's bank accounts immediately upon learning of the petition to avoid liability under Cap. 32 Section 182, severely halting the company's operational capability.

Under Section 182 of Cap. 32, any disposition of property (including payments made to vendors or receiving advance deposits) after the presentation of a petition is void ab initio if a winding-up order is subsequently made, meaning court liquidators can legally claw back funds paid to you.

Search the company on 86hc.com. 86hc monitors High Court Companies Court cause lists, gazette notifications, and official registry alerts, flagging companies with pending HCCW cases or liquidation notices.

A Members' Voluntary Liquidation is initiated by solvent shareholders who resolve to dissolve an entity after settling all liabilities. A Compulsory Winding-Up is initiated by unpaid creditors or the court when an insolvent company fails to meet debt obligations.

Form NM1 registers a fixed or floating charge (mortgage/debenture) over company assets with the Companies Registry. If a company has registered extensive floating charges over all its undertaking and assets, standard unsecured creditors rank behind secured debenture holders in the event of default.

In a compulsory liquidation, realized assets are distributed in strict order: (1) costs of insolvency, (2) preferential debts (employee wages/severance), (3) secured creditors with fixed charges, (4) floating charge holders, and (5) ordinary unsecured trade creditors (who often receive minimal payouts).

You should retrieve the company's latest Form NAR1 Annual Return (identifying directors), Form NM1 charge register (assessing unpledged assets), court petition gazette notices, and order certified true copies via 86hc.com for litigation evidence.