Read the full judgment text of HCCW 318/2014 on BabelCite. This High Court CFI judgment was delivered on 21 May 2015.
1. The 1 st respondent (R1) applied for a validation order pursuant to section 182 of the Companies (Winding up and Miscellaneous Provisions) Ordinance, Cap 32. The parties had come to terms, without prejudice to the rights of the petitioner and liquidators (if appointed) to challenge the propriety of the payments made by or for the 2 nd respondent (“the Company”). Only 2 terms in the draft order required adjudication:
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