5 Aug 2022
RE SILVER BASE GROUP HOLDINGS LTD
- Citation
- [2022] HKCFI 2386
- Court
- Court of First Instance
- Case number
- HCCW385/2021
The court exercised its discretion under section 327 Cap 32 to order the winding up of Silver Base Group Holdings Limited in Hong Kong because the three core criteria were satisfied: the company’s listing in Hong Kong gave a sufficient connection, there was a reasonable prospect that a Hong Kong winding up would benefit the petitioner (assets and cash in bank in Hong Kong and the Cayman liquidators accepting Hong Kong liquidation), and there were creditors in Hong Kong over whom the court can exercise jurisdiction; accordingly the winding up order was made and cost orders were given; no order…