China corporate insolvencies up 50%
Sep 23, 2015
Retailer DSC failure exposes legal gaps for unpaid suppliers
A ‘retention of title’ clause that could protect suppliers of failed companies is being underused in Hong Kong and Asia.
The insolvency of furniture and appliance retailer DSC has exposed the difficulties suppliers face in getting paid when a company collapses in Hong Kong. Despite this, CT has learned that many suppliers are not using a “retention of title” clause that could protect them in cases like this.
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