5 Sept 2024
KONG YUNG AND ANOTHER v. THE REGISTRAR OF COMPANIES AND ANOTHER
- Citation
- [2024] HKCFI 2315
- Court
- Court of First Instance
- Case number
- HCMP709/2023
The court exercised its unfettered but purposive discretion under s290(1) and s290(1A) to extend the 2-year period and declare the dissolution void because the applicants demonstrated a sufficient pecuniary interest and credible evidence (Beijing Mediation Decision, Audit Report, PRC legal opinion) that the 80% Yuetan shares had substantial realisable value and that the freezing order might be challenged or resolved; revival was necessary to enable transfer or enforcement and to allow Yuetan to pursue substantial claims; the extension of time was justified by accepted explanations for delay a…