YIP TSE & TANG, SOLICITORS & NOTARIES

Yip, Tse & Tang launched IVA.com.hk for IVA Debt Service

In March 2002, Yip, Tse & Tang launched a debt legal service serving debtors' need. The service is known as Individual Voluntary Arrangement (IVA) which is a statutory alternative to bankruptcy under the laws.

IVA has the benefit of avoiding bankruptcy. "IVA is a 'win-win' debt solution to creditors and debtors. Some debtors, such as civil servants, well-paid managers or professionals don't like bankruptcy," said Mr. Thomas Tse, inventor of IVA.com.hk and partner of Yip, Tse & Tang . IVA applicants can be credit card debtors or undischarged bankrupts. The firm has teamed up with skilled debt analyst and experienced certified public accountant to provide this new kind of legal service.

IVA applicants are only required to pay $2,000 as initial cost to start with a repayment proposal. "Our IVA service is built upon the solid foundation we have acquired on our bankruptcy legal service. We are experienced in communicating with banks and finance companies. That can facilitate our early reach of a compromise repayment plan between debtors and creditors," said Mr. Thomas Tse. The firm is now processing a large number of IVA cases. Proposal has been prepared and application for interim order has been made on a number of cases. Many IVA proposals have also been passed to creditors' meetings' approval. Approved IVAs can be verified in the public register placed with the Official Receiver's Office.

"The new service is proven to be very successful. By April, 2008, we have applied to the Court over 1,200 interim orders for the purpose of convening creditors' meetings and creditors meetings have been summoned and held at the offices of Yip, Tse & Tang for consideration of the debtors' proposals," said Mr. Thomas Tse.

Career Opportunities

ABOUT RECRUITMENT OF TRAINEE SOLICITOR

Yip, Tse & Tang places high importance on trainee recruitment.

We start our trainee solicitor recruitment process normally at the beginning of the year for the immediate year's intake. Interested candidates may write to our Recruitment Partner. Selected candidates will be offered a first interview by our Recruitment Partner. A recruitment panel will interview candidates short-listed in the first interview. In the second interview, short-listed candidates will be interviewed by our recruitment panel with at least 3 of our partners. Offer to a successful candidate would be conditional on him/her passing the PCLL examination.

INSOLVENCY LAWYER

Yip, Tse & Tang is seeking TWO high calibre Bankruptcy Practice Solicitors for its expanding practice on personal bankruptcies.

Applicants should possess the following qualities:

‧at least 3 years legal experience on the practice of related matters on bankrutpcy and insolvency
‧self-motivated and capable of working independently;
‧good command of written and spoken English and Chinese; and
‧good communication and drafting skills are essential.

Attractive remuneration package will be offered to the right candidate.

Please send your full curriculum vitae to The Managing Partner, Yip, Tse & Tang, 20th Floor, China Overseas Building, 139 Hennessy Road, Wanchai, Hong Kong. All applications will be treated in strict confidence. Application can also be made by e-mail to ytt@ytt.com.hk (Ref: TL). Applicant who does not receive a reply within 7 days should consider his application unsuccessful.

E-COMMERCE AND TECHNOLOGY LAWYER

Yip, Tse & Tang is seeking a high calibre Technology Practice Solicitor.

Applicants should possess the following qualities:

‧at least 3 years legal experience on the practice of e-commerce and technology related matters
‧self-motivated and capable of working independently;
‧good command of written and spoken English and Chinese; and
‧good communication and drafting skills are essential.

Attractive remuneration package will be offered to the right candidate.

Please send your full curriculum vitae to The Managing Partner, Yip, Tse & Tang, 20th Floor, China Overseas Building, 139 Hennessy Road, Wanchai, Hong Kong. All applications will be treated in strict confidence. Application can also be made by e-mail to ytt@ytt.com.hk (Ref: TL). Applicant who does not receive a reply within 7 days should consider his application unsuccessful.

TRAINEE SOLICITOR

Yip, Tse & Tang is seeking a high calibre Trainee Solicitor.

Applicants should possess the following qualities:

‧possess a degree other than an LL.B. degree
‧self-motivated and capable of working independently;
‧motivated and dedicated to develop a legal practice on e-ecommerce and technology;
‧good command of written and spoken English and Chinese; and
‧good communication skills and mature personality are essential.

Please send your full curriculum vitae to The Recruitment Partner, Yip, Tse & Tang, 20th Floor, China Overseas Building, 139 Hennessy Road, Wanchai, Hong Kong. All applications will be treated in strict confidence. Application can also be made by e-mail to ytt@ytt.com.hk (Ref: TS). Applicant who does not receive a reply within 7 days should consider his application unsuccessful.