13 May 2002
RE HORIZON GROUP INVESTMENTS LTD.
- Citation
- RE HORIZON GROUP INVESTMENTS LTD.
- Court
- Court of First Instance
- Case number
- HCCW109/2002
The Convention award qualified under Part IV of the Arbitration Ordinance and, by virtue of s42(2), could be relied upon as a defence or set-off; the company demonstrated a cross-claim/ set-off well in excess of the petitioning debt, therefore the winding-up petition must be dismissed.