Read the full judgment text of HCMP 002172/1999 on BabelCite. This High Court CFI judgment was delivered on 25 May 1999.
1. This is a petition by Kosonic Industries Company, Limited ("the Company") seeking the sanction of the court to a scheme of arrangement ("the Creditors Scheme") under section 166 of the Companies Ordinance between the Company and its unsecured creditors to whom debts are owed under contracts governed by Hong Kong law and including secured creditors to the extent that the amount of their debts exceed the value of their security ("Scheme Creditors").
Cited by 1 case