RE WANG WEITAO

RE WANG WEITAO

The filing of the Company’s notice of appeal after the earlier hearing did not amount to a material change in circumstances; the Company’s appeal (limited to para 3 of the NOA) is without merit on the evidence and the prior findings in the WU Judgment, so there are no very good reasons to stay the Bankruptcy Petition; accordingly the Stay Summons is dismissed and the usual bankruptcy order is made against the Debtor with costs payable out of the Debtor’s estate.

Citation
[2026] HKCFI 2813
Parties
Petitioner: Quam Finance Limited (華富建業財務有限公司); Debtor: Wang Weitao (王維韜)
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
15 May 2026
Case Number
HCB8432/2025
Procedural Posture
Bankruptcy Petition / Judgment After Hearing on Stay Summons and Bankruptcy Petition
Outcome
Stay Summons dismissed; bankruptcy order made against the Debtor; Petitioner’s costs to be paid out of the Debtor’s estate.
Legal Topics
Statutory Demand, Bankruptcy Order, Stay of Proceedings, Winding Up, Guarantee, Settlement Deed, Contractual Estoppel, Bona Fide Dispute
Source Language
EN
Insolvency Bankruptcy Company Law Civil Procedure Contract Law Securities Law Statutory Demand Bankruptcy Order +6 more

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 3 Authorities cited 12 Party arguments 2 Amounts and remedies 5
Sign in to unlock

Parties

Quam Finance Limited (華富建業財務有限公司)

Petitioner

Wang Weitao (王維韜)

Debtor

Procedural Posture

Bankruptcy Petition / Judgment After Hearing on Stay Summons and Bankruptcy Petition

Legal Issues

  1. 1 Whether a stay of the bankruptcy petition should be granted pending the Company’s appeal
  2. 2 Whether the Company’s appeal against the WU Judgment discloses a realistic prospect of success
  3. 3 Whether there is a bona fide dispute on substantial grounds as to the petitioning debt

Ratio Decidendi

The filing of the Company’s notice of appeal after the earlier hearing did not amount to a material change in circumstances; the Company’s appeal (limited to para 3 of the NOA) is without merit on the evidence and the prior findings in the WU Judgment, so there are no very good reasons to stay the Bankruptcy Petition; accordingly the Stay Summons is dismissed and the usual bankruptcy order is made against the Debtor with costs payable out of the Debtor’s estate.

Court Disposition

Stay Summons dismissed; bankruptcy order made against the Debtor; Petitioner’s costs to be paid out of the Debtor’s estate.

Orders

  • Stay Summons dismissed
  • Bankruptcy order to be made against the Debtor