Read the full judgment text of HCCW 306/2012 on BabelCite. This Court of First Instance judgment was delivered on 21 September 2012 before Harris J.
Companies (Winding-Up) – validation order – solvent company – ordinary course of business – shareholders' dispute – sections 168A, 177(1)(f), 182 of the Companies Ordinance – Re Burton and Deakin Ltd [1977] 1 All ER 631 – Wah Ying Cheong Company Ltd HCCW 225 of 1996 – approach to validation order for solvent company – directors' discretion – opposition by contributory requires compelling evidence – validation order granted on agreed terms – company to provide monthly summaries – costs paid out of assets
Legal issues: Approach to validation order for solvent company
Outcome: Validation order granted on agreed terms.
Cites 3 cases