Read the full judgment text of HCCW 177/2011 on BabelCite. This Court of First Instance judgment was delivered on 9 May 2016 before Hon Harris J.
Companies (Winding-up) – permanent stay of winding up – scheme of arrangement – criteria for stay – interests of members, creditors and liquidator – commercial morality and public interest – provision for all creditors – Official Receiver investigation – director disqualification – s.168H Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32) – Re Outboard Marine Corp Asia Ltd [2003] 1 HKLRD 585 applied – stay granted after scheme sanctioned – Official Receiver to continue investigation of director misconduct – joint and several provisional liquidators to assist – permanent stay granted on agreed terms.
Legal issues: Permanent stay of winding up proceedings
Outcome: Permanent stay of winding up granted.
Cited by 2 cases · Cites 1 case