Read the full judgment text of HCCW 334/2004 on BabelCite. This High Court CFI judgment was delivered on 16 January 2008.
1. On 12 August 2003, Zhu Kuan (Hong Kong) Company Limited (“ZKHK”) went into compulsory liquidation. Mr Cosimo Borelli and Mr Kelvin Flynn were appointed its liquidators. Prior to its liquidation, ZKHK was a window company for the Zhuhai municipal government. It had a number of direct and indirect subsidiaries. One of its indirect subsidiaries was Ocean Time Development Limited (“Ocean Time”), which it held through a subsidiary known as Tinson International Limited (“Tinson”). Ocean Time h
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