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Insolvency Guidance Note

The launch of the Insolvency Guidance Notes (IGNs) was announced at a press conference held on 14 September 2005.

 

The IGNs represent the first practical guidance issued by the Institute on this area of specialization and the first coordinated guidelines on insolvency issued in Hong Kong.

 

The first set published, i.e., IGNs (1)-(4), cover some of the more important areas of insolvency practice and are effective for insolvency appointments made on or after 1 October 2005. The IGNs are contained in Volume I of the Members' Handbook (as Statements 1.600-1.603) are as follows: