Read the full judgment text of HCCW 61/2017 on BabelCite. This High Court CFI judgment was delivered on 8 May 2017.
1. I have before me two associated petitions issued by Shanghai Commercial Bank Limited (“ the Bank ”) for the winding up of Kwong Wing & Co (China) Limited and Kingsway Int’l (HK) Corporation Limited on the grounds of insolvency. In both cases the Bank has served a statutory demand. The statutory demands make reference to debts arising from judgments entered summarily in two High Court Actions. In both cases the underlying debts arise under guarantees given by the Companies in respect of loans
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