4 Oct 2000
RE KONG WAH HOLDINGS LTD.
- Citation
- RE KONG WAH HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCCW49/2000
The court concluded that section 216 does not confine it to appointing the Official Receiver's nominee and that it has both statutory and inherent jurisdiction to appoint a suitable special manager; accordingly the court refused to make the appointments sought without further information because of concerns about conflicts, the suitability of the proposed appointees and objectionable entrenching provisions in the proposed funding agreement which must be subject to creditor approval; the application was therefore adjourned and remains pending.