Read the full judgment text of HCMP 000734/2005 on BabelCite. This High Court CFI judgment was delivered on 20 June 2005.
1. This is a petition presented jointly by Winterthur Life and Winterthur Life (Hong Kong) Limited (“WLHK”) (collectively “the petitioners”) under section 24 of the Insurance Companies Ordinance, Cap. 41, seeking sanction of a scheme (“the Scheme”) for the transfer of the whole of the long term business, as defined in Cap. 41, currently carried on by Winterthur Life in Hong Kong via its branch office (“Winterthur HK”), from Winterthur Life to WLHK. I have sanctioned the Scheme at the hearing and