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Hong Kong decisions
Decisions matching the current search
The Court sanctioned DreamEast Group’s scheme of arrangement and granted a permanent stay of the winding-up, finding the restructuring better than liquidation for creditors.
The court refused to make garnishee orders absolute or vary Mareva injunctions, holding that cumulative suspicions about the alleged debts required a fuller inquiry.
The court refused to make garnishee orders absolute or vary Mareva injunctions, finding enough suspicion about the bona fides of the alleged judgment debts to require trial.
The Court of First Instance refused garnishee orders absolute and refused to vary Mareva injunctions, finding enough suspicion to require a trial on the bona fides of the judgment debts.
The Court of First Instance sanctioned Sino-Ocean Land (Hong Kong) Limited’s scheme of arrangement, holding that the creditors formed one class and the restructuring disclosures were sufficient.
Unopposed application to rectify Riggs Asia Limited’s register was granted after the court accepted PNC DC Holding, Inc. was the beneficial owner of all shares.
The court sanctioned Yuzhou Group Holdings’ scheme of arrangement to restructure offshore debts, holding the class structure, disclosures, releases and statutory majorities were all satisfactory.
The Court sanctioned a creditor scheme and confirmed a capital reduction for Hong Kong Petrochemical Company Ltd, with a permanent stay of winding up subject to implementation steps.
The court made winding-up orders against EcoGreen International Group Limited and Doingcom International Limited after non-payment of a disputed debt and no useful restructuring progress.
The court refused to sanction Sino Oil and Gas Holdings Ltd’s scheme of arrangement, finding creditors lacked sufficient information and required disclosures were missing.
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