We are one of Hong Kong’s leading corporate turnaround, restructuring, receivership, forensic accounting, monitoring accounting and insolvency experts. With our collective professional staff around the world and international business networks, we help directors, shareholders, creditors, investors and other stakeholders to optimize their businesses, navigate and manage financial distress through tailored-made solutions with clarity, speed, precision and financial support.
We focus on value preservation and maximization of realisable assets for creditors and stakeholders recovery, compliance, and transparent communications. We deliver professional and practical solutions that protect stakeholders’ interests to achieve optimal outcomes — through different professional services we offer.
Our services are provided in full compliance with the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) ("CWUMPO"), the Companies Ordinance (Cap. 622), relevant subsidiary legislation (including the Companies (Winding-up) Rules), and other applicable Hong Kong law, professional standards issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”), and international best practices.
Corporate Turnaround
We assist distressed companies in stabilizing operations, restoring viability, and returning to sustainable profitability. Our turnaround strategies emphasize early intervention to minimize value erosion and support long-term recovery.
Key Services Include:
- Financial Review and Cash Flow Management: Comprehensive diagnostic reviews of financial position, working capital, and liquidity. We help the company’s management to develop and implement robust cash flow forecasting, cost reduction programs and working capital optimization strategies to stabilize operations and improve immediate financial health.
- Management Support: Interim management support, including placement of experienced professionals in key roles. We provide hands-on operational guidance, performance improvement initiatives, and strategic advisory to strengthen leadership and execution capabilities.
- Restructuring: Design and implementation of operational, financial, and capital restructurings. This includes debt refinancing, balance sheet reorganizations, asset disposals, and negotiations with stakeholders. We facilitate informal workouts, scheme of arrangement under the Companies Ordinance (Cap. 622) sections 668-677, and other consensual solutions to avoid formal insolvency where possible.
- Receivership: Appointment and acting as receiver or receiver and manager (under powers in security documents or pursuant to Cap. 32). We take control of charged assets, realize value efficiently, manage ongoing business operations where appropriate, and report to appointors and other stakeholders.
- Professional Directorship: Provision of independent professional directors to boards of companies in transition. This enhances governance, ensures compliance, and provides objective oversight during turnaround or restructuring processes.
Forensic Accounting
We deliver independent, expert forensic accounting and investigative services to uncover facts, quantify losses, and support dispute resolution or regulatory compliance in complex financial matters.
Key Services Include:
- Investigations into fraud, misappropriation, financial irregularities, director or professional party misconduct.
- Asset tracing and recovery, including analysis of pre-insolvency transactions that may be vulnerable to challenge (e.g., unfair preferences or transactions at an undervalue under Cap. 32).
- Due diligence and financial analysis in shareholder disputes, commercial litigation, and regulatory investigations.
- Quantification of economic damages, business valuations, and loss of profits assessments.
- Expert witness reports and testimony for litigation, arbitration, or court proceedings.
Our forensic work is conducted with strict adherence to professional standards and evidentiary requirements, ensuring findings are robust, defensible, and actionable.
Monitoring Accountant
We act as independent monitoring accountants (often appointed under facility agreements or restructuring arrangements) to provide ongoing oversight and assurance to lenders, creditors, or other stakeholders.
Key Services Include:
Regular review and reporting on financial performance, covenant compliance, and cash flow adherence.
Verification of financial information and budgets submitted by management.
Early warning of potential issues and recommendations for corrective actions.
Independent monitoring during restructuring or turnaround phases to build stakeholder confidence and facilitate continued support.
This role promotes transparency and helps mitigate risks for financiers while supporting the company’s recovery efforts.
Insolvency Experts – Corporate and Personal Insolvency
We provide expert services across the full spectrum of corporate and personal insolvency processes under Hong Kong law, acting as liquidators, provisional liquidators, trustees in bankruptcy, or advisors.
Corporate Insolvency Services:
- Advising on and managing creditors’ voluntary winding-up, members’ voluntary winding-up, and compulsory winding-up proceedings under Cap. 32.
- Acting as provisional liquidators to preserve assets and, where appropriate, facilitate restructuring.
- Conduct of liquidations, including asset realization, creditor claims adjudication, investigations into company affairs, and distribution of proceeds in accordance with statutory priorities.
- Advice on cross-border insolvency matters, recognition of foreign proceedings, and coordination with overseas office-holders.
- Acting as trustees in bankruptcy under the Bankruptcy Ordinance (Cap. 6).
- Individual Voluntary Arrangements (“IVAs”) and debt restructuring solutions for individuals.
- Advice to debtors and creditors on bankruptcy petitions and alternatives.
- Stakeholder communications and creditor committee management.
- Compliance with director disqualification and reporting obligations.
- Maximization of asset recoveries through litigation, where warranted.
- Post-insolvency reviews and lessons-learned reporting.
Our multidisciplinary team combines deep local expertise in Hong Kong’s legal and regulatory environment with international experience, enabling us to deliver efficient, commercially pragmatic outcomes that prioritize value preservation and stakeholder interests. We are committed to the highest standards of professionalism, independence, and transparency in all engagements.
Need Professional Support
For tailored advice or to discuss how we can support your specific situation, please contact our professionals at 6816 8938 or email us at [email protected] for confidential discussion.
