8 Nov 2019
RE THE HONG KONG AND SHANGHAI BANKING CORPORATION LTD
- Citation
- [2019] HKCFI 2767
- Court
- Court of First Instance
- Case number
- HCCW303/2019
Provisional liquidators were appointed because the petitioner proved the companies' indebtedness and defaults, demonstrated a real and immediate risk of asset dissipation, showed that security was inadequate and that the companies' operations had ceased and financial information was inaccessible; appointment was necessary to preserve assets and allow an independent investigation to protect creditors and the public interest.