Read the full judgment text of HCCW 185/2013 on BabelCite. This High Court CFI judgment was delivered on 30 September 2013.
1. I have before me a petition to wind up Up Energy Group Limited (“Company”), which is incorporated in the British Virgin Islands, on the grounds of insolvency. As the Company is incorporated in a foreign jurisdiction and is an unregistered company for the purposes of the Companies Ordinance, the Petition is presented pursuant to section 327(3)(c). The Petitioner relies on a statutory demand to prove that the Company is unable to pay its debts.
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