Read the full judgment text of HCCW 313/2019 on BabelCite. This High Court CFI judgment was delivered on 22 June 2020.
1. In October 2019 Shun Wo Yuen Limited (“ Shun Wo Yuen ”) issued a petition to wind up the Company on the grounds of insolvency relying on non-payment of a statutory demand for $113,208,628 (“ Debt ”) to establish insolvency. It is Shun Wo Yuen’s case that the debt was assigned to it by its parent company Xin Wenhua (Hong Kong) Development Company Limited (“ Xin Wenhua ”) on 17 September 2019 in the circumstances described in the next section of this decision. The Petition is opposed by one o
Cited by 3 cases · Cites 6 cases