Read the full judgment text of HCMP 004691/1998 on BabelCite. This High Court CFI judgment was delivered on 20 November 1998.
1. This is a petition of Kansa General International Insurance Company Limited (in compulsory liquidation) ("Kansa HK") under section 166 of the Companies Ordinance for the court's sanction to a Scheme of Arrangement ("the Scheme") between Kansa HK and (a) its Scheme Creditors who are Direct Insurance Preferential Creditors; and (b) its Scheme Creditors who are Reinsurance Preferential Creditors. As Kansa HK has been wound up, it is the liquidators, Nicholas Timothy Cornforth Hill and Alan Thorn