Read the full judgment text of HCCW 350/2020 on BabelCite. This High Court CFI judgment was delivered on 1 February 2021.
1. On 28 October 2020 The Bank of New York Mellon, as trustee in connection with a series of floating rate bonds issued by Kunzhi Limited (“ Kunzhi ”) totalling US$310,000,000 in value due 2020 guaranteed by Founder Information (Hong Kong) Limited (“ Company ”), issued a petition seeking the winding-up of the Company on the ground of insolvency relying on failure to make payment following a demand for the payment of the Bonds and the interest accrued on them (“ Debt ”) consequent on an event of
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