21 Dec 1999
Re UDL Contracting Ltd.
- Citation
- Re UDL Contracting Ltd.
- Court
- Court of First Instance
- Case number
- HCCW762/1999
The court held that an arbitration is a "proceeding" under s181(b), that s2AA does not displace s181, and that the court should exercise its discretion to grant a limited stay because the Company is impecunious and continuation of the arbitration would cause substantial injustice to the Company and its creditors; accordingly the restraining order was extended until conclusion of the hearing of the winding up petition.