Read the full judgment text of HCCW 51/2020 on BabelCite. This High Court CFI judgment was delivered on 26 April 2022.
1. This case highlights the types of abuse which could be deployed by an insolvent company, with the assistance of provisional liquidators appointed by the court of the place of incorporation, to interfere with the rights of the creditors at the jurisdiction where the company has substantial connections, and to bypass the statutory scheme of winding-up in that jurisdiction. It is regrettable to see that such abuse is undertaken by the provisional liquidators, who are under a duty to act in the
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