7 Mar 2023
RE XIWANG INVESTMENT COMPANY LTD
- Citation
- [2023] HKCFI 713
- Court
- Court of First Instance
- Case number
- HCCW30/2021
The Consent Order must be construed commercially in light of the Standstill Agreement; para 2's 'liberty to restore' is open-ended and may be invoked by either party on good cause, including where clause 2.4 of the Standstill Agreement automatically cancels the standstill on default. Therefore the Petitioner is entitled to restore the winding-up petition immediately upon the Company's default and the court so ruled.