Hong Kong's statutory demand process under Cap. 347 gives creditors a fast, low-cost pressure tool, now layered under the 2024 Mainland enforcement regime.
A formal statutory demand under Cap. 347 (the Companies Winding Up and Miscellaneous Provisions Ordinance) puts a debtor company on notice that non-payment can lead to a winding-up petition, which is often enough to prompt settlement on its own.
Hong Kong's limitation period for simple contract claims follows familiar common-law timing, making it one of the more predictable jurisdictions on this list for foreign creditors.
Recent reforms allow easier recognition and enforcement of Hong Kong judgments in mainland China, which matters for creditors whose Hong Kong-registered debtor has assets or operations across the border.
Everything covered in this video, in full written form, in the complete article.
Read the full guideDebt collection Hong Kong guide: statutory demands, Cap. 347 limitations, foreign judgment enforcement and the 2024 Mainland regime.