Read the full judgment text of HCCW 443/2008 on BabelCite. This High Court CFI judgment was delivered on 19 January 2022.
1. On 23 July 2021 I delivered my judgment in respect of the Liquidator’s application for the court’s sanction of a payment out of the assets of the Company with the agreement of its sole creditor, of a payment of US$2.9 billion by way of a bonus for the reasons explained in the decision. I agreed to sanction the payment subject to the Liquidators providing clarification of the matters referred to in [16] of the decision. This has now been provided. The Official Receiver has no objection to the
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