2
(c) in subsection (3A) by deleting "and (c)" and
substituting the following
", (c) and (ca)".
Explanatory Memorandum
This Bill amends the Bankruptcy Ordinance to
provide for the priority of severance payments payable
under the Employment Ordinance.
In the event of bankruptcy of the employer,
severance payments due shall enjoy the same priority
afforded to outstanding wages and salary subject to
a maximum amount of $6,000 in respect of each severance
payment.
ASME YAMA
Elad
Attorney General.
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