Professional Diploma in Insolvencyapp1.hkicpa.org.hk/at-a-glan-calendar/files/7597... · Diploma in...
Transcript of Professional Diploma in Insolvencyapp1.hkicpa.org.hk/at-a-glan-calendar/files/7597... · Diploma in...
Objective of the Programme
This Programme will provide participants with an in-depth and integrated study of the different aspects of insolvency administration, with particular emphasis on the practical issues relating to these areas and the primary principles that underpin them.
Medium of Instruction
English
Assessment
Assessment will include in-class presentation (10%) and 3 open book examinations (90%).
Programme Coverage
The course has been included in the list of reimbursable courses for Continuing
Education Fund purposes*CEF course code: 23L04436-7
The Official Receiver’s Office (ORO) has recognised the Professional Diploma in Insolvency and regards successful completion of the Diploma, i.e. an overall pass, as being the equivalent of 50 hours of insolvency work in the context of qualification as (i) an Insolvency Practitioner under the Panel A scheme, (ii) a Professional Person under the tender schemes for appointment as provisional liquidator under section 194(1A) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32), or appointment to complete preliminary examinations in bankruptcy cases, and qualification as (iii) an Appointment Taker under the tender scheme for appointment as provisional trustee under section 12(1A) of the Bankruptcy Ordinance.
The Professional Diploma in Insolvency Programme (formerly known as the “Diploma in Insolvency”) was introduced by the Institute in 2000. This is a nine-month, part-time programme, with lectures/workshopsheld on Saturday mornings and tutorials held on weekday evenings.
All preparatory and contact hours will qualify as verifiable CPD hours for the Institute’s members. This Programme has been accredited by the Law Society of Hong Kong. A maximum of 15 CPD points per year can be claimed from attending the Programme.
Admission Requirements
Individuals who meet the following criteria are eligible for admission to the Programme:
1. (a) HKICPA members or members of the Restructuring and Insolvency Faculty, or
(b) Non-members working in the field of insolvencyand
2. (a) at least 24 months’ recent work experience in insolvency, or (b) successful completion of the HKICPA’s Insolvency
Preparatory II course (“PII”).
Individuals with both 24 months’ insolvency experience and having successfully completed PII will be given priority over those meeting only one of those requirements.
Successful completion of PII means at least 80% attendance. In addition, from 2009, candidates should have passed the assessment at the end of PII.
Priority will be given to HKICPA members and members of the Restructuring and Insolvency Faculty. Otherwise, applications will be considered on a first-come-first-served basis, within the above criteria.
Given the cyclical nature of insolvency work, the Programme may not be offered on an annual basis. Those who are interested in enrolling for this Programme are advised to consult the Institute for details of the next available cohort.
The entire Programme consists of 58 contact hours covering the following topics:
• Liquidation• Corporate Rescue & Restructuring• Personal Insolvency (including Individual Voluntary Arrangements)
Two insolvency manuals, the “Hong Kong Corporate Insolvency Manual” and the “Hong Kong Personal Insolvency Manual”, will be provided.
Award and Professional Recognition
Upon successful completion of the Programme, participants will be
• awarded a certificate by the Hong Kong Institute of Certified Public Accountants
• allowed to use the title SQ (Insolvency) and 專項文憑 (破產重整) after their names, in recognition of the achievement of the Institute’s specialist qualification in insolvency.
Prize(s) may be awarded to participant(s) with outstanding achievements in the Programme.
Fee
HK$4,000 Administration Fee (non CEF-reimbursable), inclusive of 2 Insolvency Manuals
HK$28,000 Tuition Fee (to be collected by 8 equal monthly instalments)
The Pathway to the Diploma Course
Insolvency Preparatory I(PI)
Insolvency Preparatory II(PII)
Professional Diploma in Insolvency
With 24 months or more of insolvency-related experience
With 0 – 17 months ofinsolvency-related experience
With 18 – 23 months of insolvency-related experience
* Being a registered CEF course, participants who have achieved 75% of attendance for all lectures, workshops and tutorials and successfully passed the Programme will be entitled to a reimbursement of the tuition fee up to HK$10,000.
Professional Diploma in Insolvency
What I like about it is that the Course has a good blend of academics, practising lawyers and practising accountants involved in all aspects of the Course and working together.
….. the Course has achieved the standard required of a specialist, professional qualification and, perhaps most importantly, it provides an appropriate level for a professional qualification in insolvency.
Professor Andrew Keay of Leeds University, UK Independent Reviewer
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Teaching Professionals Instalment Payment
Learning Outcomes
On completion of the Programme, participants should have attained:
• Knowledge of the Hong Kong insolvency regime, including an understanding of the core principles of corporate and personal insolvency law;
• Knowledge and understanding of the practical, legal and ethical issues confronted by insolvency practitioners;
• Knowledge and understanding of cross-border insolvency issues.
In order to enhance their potential for success in the Programme, participants need to commit to studying, obtaining practical experience through their work, and undertaking further reading and research.
Enquiries
About the Professional Diploma programmeMs. Kristin Tang Tel: 2287-7464(e-mail: [email protected])
About joining the Restructuring and Insolvency FacultyMs. May Hung Tel: 2287-7009(e-mail: [email protected])
Structure
Lectures (L) Workshops (W) Tutorials (T)
L1 Introduction W1 Meetings of Creditors and T1 LiquidationL2 Ethics and Legal Concepts Creditors’ Voluntary Liquidations T2 LiquidationL3 Liquidation W2 Creditors and Claims T3 LiquidationL4 Cross Border W3 Assets and Investigations T4 Cross Border and Corporate RescueL5 Corporate Rescue W4 Mainland PRC Recoveries T5 Corporate RescueL6 Personal Insolvency W5 Cross Border Insolvencies T6 Personal Insolvency W6 Corporate Rescue T7 Personal Insolvency W7 Update on Current Cases T8 In-class Presentations W8 Personal Insolvency - Bankruptcy T9 In-class Presentations W9 Personal Insolvency - IVAs W10 Office Holders’ Remuneration/ Third Party Financing of Litigation
Lectures will be held on Saturday mornings, which will run for 2.5 hours.
Workshops will be held on Saturday mornings, which will run for 2.5 hours.
Tutorials will be held on weekday evenings, which will run for 2 hours.
Assessments
Examination 1 Examination 2 Final Examination In-class Presentation
Course directors
Stephen Briscoe is a Licensed Insolvency Practitioner (UK) with over 40 years’ experience in the field of insolvency. He has practised in Hong Kong since 1997, is the co-author of the Hong Kong Corporate Insolvency Manual and is the Managing Director of Briscoe Wong Ferrier.
Charles D. Booth is a Professor of Law and the Director of the Institute of Asian-Pacific Business Law (IAPBL) at the William S. Richardson School of Law at the University of Hawaii at Manoa. He was a member of the Faculty of Law at the University of Hong Kong from 1989-2005. Prof Booth has taught and written about Hong Kong and Chinese insolvency law and practice for more than 25 years.
Davy Wu is a Senior Lecturer with the Department of Accountancy and Law, School of Business, Hong Kong Baptist University. A graduate in law, Davy’s PhD thesis was entit led “Provis ional Supervision: An Analysis of the Proposed Corporate Rescue Procedure of Hong Kong”. In November 2011, Davy was appointed a member of the FSTB’s (Financial Services and Treasury Bureau, HKSAR) Advisory Group on Modernisation of Corporate Insolvency Law.
Workshop facilitators and tutors
Over 20 specialists in the field of insolvency comprising practising accountants and practising lawyers.
With effect f rom 1 Apr i l 2010, a l l CEF course providers are required to collect the tuition fees of CEF Reimbursable Courses from participants on an equal monthly instalments basis, even if participants are willing to pay the course fee in full or are not applying for reimbursement from CEF.
The completed Programme Enrolment Form must be accompanied by a payment of HK$7,500 for the administration fee [HK$4,000] and the first instalment of the tuition fee [HK$3,500]. Further instalments (2nd to 8th instalments) of HK$3,500 each must be se t t led on or before the due dates in accordance wi th the instalment schedule. Please refer to the Enrolment Form for more details.
Timetable for Professional Diploma in Insolvency 2015/2016
Lectures (L)
L1 Introduction 3 October 2015 L4 Cross Border 9 January 2016
L2 Ethics and Legal Concepts 17 October 2015 L5 Corporate Rescue 20 February 2016
L3 Liquidation 31 October 2015 L6 Personal Insolvency 16 April 2016
Lectures will be held on Saturday mornings and will run from 10:00 a.m. to 12:30 p.m. Venue details will be provided to accepted candidates via the online Learning Support Centre and/or e-mail notifications.
Workshops (W)
W1 Meetings of Creditors and Creditors' Voluntary Liquidations 24 October 2015
W2 Creditors and Claims 7 November 2015
W3 Assets and Investigations 21 November 2015
W4 Mainland PRC Recoveries 16 January 2016
W5 Cross Border Insolvencies 23 January 2016
W6 Corporate Rescue 27 February 2016
W7 Update on Current Cases 12 March 2016
W8 Personal Insolvency - Bankruptcy 23 April 2016
W9 Personal Insolvency - IVAs 7 May 2016
W10 Office Holders' Remuneration/Third Party Financing of Litigation 21 May 2016
Workshops will be held on Saturday mornings and will run from 10:00 a.m. to 12:30 p.m. Venue details will be provided to accepted candidates via the online Learning Support Centre and/or e-mail notifications.
Tutorials (T) Tuesday Sessions Thursday Sessions
T1 Liquidation 27 October 2015 29 October 2015
T2 Liquidation 10 November 2015 12 November 2015
T3 Liquidation 24 November 2015 26 November 2015
T4 Cross Border and Corporate Rescue 26 January 2016 28 January 2016
T5 Corporate Rescue 1 March 2016 3 March 2016
T6 Personal Insolvency 26 April 2016 28 April 2016
T7 Personal Insolvency 10 May 2016 12 May 2016
T8 Class Presentation 7 June 2016 2 June 2016
T9 Class Presentation 14 June 2016 16 June 2016
Tutorials will be held on weekday evenings and will run from 7:00 p.m. to 9:00 p.m. The class size of each tutorial will be approximately 12 candidates. Venue details will be provided to accepted candidates via the online Learning Support Centre and/or e-mail notifications.
Assessments
Examination 1 Examination 2 Final Examination In-class Presentation
12 December 2015 9 April 2016 25 June 2016 T8 & T9
Examinations are in open-book format. More details can be found in the relevant examination dockets.