Read the full judgment text of HCCW 108/2015 on BabelCite. This High Court CFI judgment was delivered on 20 March 2018.
1. The court may permit provisional liquidators to pursue a corporate restructuring, provided they are appointed on such conventional grounds as the need to preserve the debtor’s assets. Provisional liquidators (“ PLs ”) were appointed to China Solar Energy Holdings Limited (“ Company ”) on asset preservation grounds, and they were given restructuring powers. Ex hypothesi the PLs’ current sole remaining function is to complete the Company’s restructuring. Should the PLs be discharged?
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