Read the full judgment text of HCCW 89/2016 on BabelCite. This High Court CFI judgment was delivered on 11 July 2016.
1. I have before me a petition to wind up the company on the grounds of insolvency. The petition states that on 5 February 2016, a final arbitration award was issued in the petitioner’s favour in the sum of US$1,444,499.61 plus interest. On 24 February 2016 the petitioner through its solicitors issued a statutory demand. The petition was issued on 24 March 2016.
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