Read the full judgment text of HCCW 485/2012 on BabelCite. This High Court CFI judgment was delivered on 6 November 2013.
1. On 8 April 2013 I made an order winding up Grand China Shipping (Hong Kong) Company Limited (“the Company”). The petitioner relied on an unpaid arbitration award of US$58,375,709.52. The information currently available indicates that the Company is massively insolvent, with a deficiency in excess of HK$5 billion and assets, according to the statement of affairs, of somewhere in the region of US$1 million.
Cited by 3 cases