07/07/2025
The article discusses a recent amendment to the Protection of Wages on Insolvency Ordinance in Hong Kong, which increases the maximum ex-gratia payment for statutory severance payments from HK$100,000 to HK$200,000. This change, effective March 21, 2025, aims to provide greater financial security for employees whose employers become insolvent, helping them recover more of their owed severance. The amendment underscores the government's commitment to strengthening employee protections. Employers are encouraged to familiarize themselves with these changes and the application process for the Insolvency Fund to better support affected employees.