26 Jul 2024
RE HONG KONG LEE YUAN INTERNATIONAL GROUP LTD
- Citation
- [2024] HKCFI 1971
- Court
- Court of First Instance
- Case number
- HCMP952/2024
The court concluded that all Cooperation Mechanism requirements were satisfied — the applicants are Hong Kong liquidators, recognition was sought from a pilot area court (Xiamen), COMI was Hong Kong for over six months, the Company’s principal Mainland asset is located in Xiamen, and the assistance sought is necessary to enable the liquidators to perform their duties — and accordingly granted the letter of request authorising the Xiamen Intermediate People’s Court to recognise the liquidation and the liquidators and to afford the powers sought (mirroring CWUMPO), with costs of the application…