30 May 2008
RE DICKSON GROUP HOLDINGS LTD (In Liquidation)
- Citation
- RE DICKSON GROUP HOLDINGS LTD (In Liquidation)
- Court
- Court of First Instance
- Case number
- HCCW333/2006
The court sanctioned the scheme because the required statutory majorities of an appropriately constituted class of creditors approved it, the explanatory materials were sufficient, the scheme offered a materially better return than liquidation, and there was no objection from the Official Receiver or evidence of misconduct; consequently the court granted a permanent stay of the winding-up conditional on confirmation that the restructuring and scheme became effective and completed.