Read the full judgment text of HCMP 2638/2017 on BabelCite. This High Court CFI judgment was delivered on 10 October 2018.
1. In this application the issue before the court concerns the application of conventional liquidation principles to a novel set of facts: If a company in liquidation in Hong Kong has only foreign assets, the liquidator may comply with foreign distribution procedures and distribute the assets pari passu . Guangdong International Trust & Investment Corporation Hong Kong (Holdings) Limited (“ Company ”) is in liquidation in Hong Kong, with assets in Hong Kong and the Mainland. [1] Under Mainland