21 Dec 2001
RE HIH INSURANCE (ASIA) LTD
- Citation
- RE HIH INSURANCE (ASIA) LTD
- Court
- Court of First Instance
- Case number
- HCCW338/2001
The court granted a six month adjournment and allowed the companies to remain in provisional liquidation because the provisional liquidators demonstrated tangible cost and time savings that benefit creditors, the Commissioner of Insurance raised no objection, creditors were consulted informally, there was no identifiable prejudice to creditors, and the procedure is supported by established precedent and statutory powers.