Read the full judgment text of HCCW 322/2010 on BabelCite. This High Court CFI judgment was delivered on 6 March 2013.
1. Pioneer Iron and Steel Group Company Limited (“ Company ”) was incorporated in the British Virgin Islands (“ BVI ”) on 16 October 2003. As its name suggests it traded iron and steel and was, prior to 2008, very successful. The Company was able to declare a dividend of US$1,208,814,200 for its 2007 financial year. The Company has one shareholder, Chen Ningning (“ Ms Chen ”). She had been the Company’s sole director from 12 November 2003 until 20 December 2009. Although relatively young, s
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