16 Oct 1995
In re CHINA TIANJIN INTERNATIONAL ECONOMIC AND TECHNICAL COOPERATIVE CORPORATION
- Citation
- In re CHINA TIANJIN INTERNATIONAL ECONOMIC AND TECHNICAL COOPERATIVE CORPORATION
- Court
- Court of First Instance
- Case number
- HCCW438/1994
The court exercised its discretion to grant a stay of the winding up because the sole known creditor had compromised the claim, the underlying UK judgment had been set aside (undermining the petition basis) and there were unlikely to be assets of substance in Hong Kong making continuation futile, while noting that future cases require evidence to satisfy concerns about commercial morality.