Read the full judgment text of HCCW 91/2016 on BabelCite. This High Court CFI judgment was delivered on 6 May 2022.
1. This is a somewhat unusual case. An unpaid creditor to which a substantial sum is owed asks the court to make a winding up order against an insolvent listed company, but the provisional liquidators appointed by the court of the place of incorporation oppose the application on the ground that there is no benefit in the court making such an order. The proposition, if accepted, would mean that an unpaid creditor which advanced loan to a foreign company in Hong Kong and is able to satisfy the 3 c
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