Read the full judgment text of HCCW 000859/2000 on BabelCite. This High Court CFI judgment was delivered on 5 October 2000.
1. This is an application by 2 persons who, between them, hold 55% of the shares of the Company and who are both directors, for a validation order that in the event that an order to wind up the Company is made on the Petition, payments made into or out of the bank accounts of the Company in the ordinary course of business would not be avoided under Section 182 of the Companies Ordinance.