In the matter of China Shanshui Cement Group Ltd [2019] CIFsd 44 (12 September 2019)

In the matter of China Shanshui Cement Group Ltd [2019] CIFsd 44 (12 September 2019)

The court determined that China Shanshui Cement Group Ltd was unable to pay its debts and that it was just and equitable to wind up the company, prioritizing creditor protection under the Companies Law.

Citation
[2019] CIFsd 44
Parties
Subject Company: China Shanshui Cement Group Ltd
Jurisdiction
Cayman Islands
Judgment Date
12 September 2019
Procedural Posture
Corporate Insolvency / Judgment
Outcome
winding up order granted
Legal Topics
Winding Up, Company Management, Shareholder Rights
Corporate Law Insolvency Winding Up Company Management Shareholder Rights

Case Brief

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Parties

China Shanshui Cement Group Ltd

Subject Company

Procedural Posture

Corporate Insolvency / Judgment

Legal Issues

  1. 1 Whether China Shanshui Cement Group Ltd should be wound up under the Companies Law
  2. 2 Whether the company is insolvent
  3. 3 Whether the interests of shareholders and creditors are protected

Ratio Decidendi

The court determined that China Shanshui Cement Group Ltd was unable to pay its debts and that it was just and equitable to wind up the company, prioritizing creditor protection under the Companies Law.

Court Disposition

winding up order granted

Orders

  • China Shanshui Cement Group Ltd is to be wound up under the Companies Law
  • Liquidators to be appointed