Read the full judgment text of HCCW 118/2018 on BabelCite. This High Court CFI judgment was delivered on 19 November 2018.
1. The picture before the court is not an encouraging one. Even assuming that the Company is solvent due to the substantial amount of cash being held in the hands of its subsidiaries in the Mainland as it suggests, the evidence is abundantly clear that it has been habitually in default of its obligations to pay its debts. This is highlighted by the fact that the settlement obligations to the Petitioner have not been met.
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