7 Sept 2018
RE MONGOLIAN MINING CORPORATION (in Provisional Liquidation in the Cayman Islands)
- Citation
- [2018] HKCFI 2035
- Court
- Court of First Instance
- Case number
- HCMP370/2017
Beneficial holders of global notes who are entitled, upon satisfaction of conditions, to be issued definitive notes are contingent creditors for the purposes of Part 13; the Company established a sufficient connection to Hong Kong and complied with statutory requirements and the court's sanction criteria, and showed that necessary foreign recognition (Chapter 15) was likely, therefore the Scheme should be sanctioned.