2 -
(c) in subsection (3A) by deleting "and (c)" and
substituting the following
11
', (c) and (ca)".
Explanatory Memorandum
This Bill amends the Companies Ordinance to
provide for the priority of severance payments payable
under the Employment Ordinance.
In the event of the winding-up of the employing
company, 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.
די
!
..
Attorney General.