Read the full judgment text of HCCW 279/2018 on BabelCite. This High Court CFI judgment was delivered on 10 December 2018.
1. On 28 September 2018, Yi Chun Navigation Incorporated issued a petition against the Company seeking an order that the Company be wound up on the grounds of insolvency. The petitioner relies on non‑payment of a debt said to arise from a loan agreement dated 23 June 2015, pursuant to which the petitioner advanced a loan of GBP10 million to the Company. The petition is opposed by an opposing contributory, Li Fu Hua. There is no dispute, however, that the loan was advanced, and that there is outs
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