3 Mar 2026
RE USUM INVESTMENT GROUP LTD
- Citation
- [2026] HKCFI 1320
- Court
- Court of First Instance
- Case number
- HCMP1719/2025
The court held that it has common law power to recognise the appointment of foreign administrators appointed by a foreign court supervising collective insolvency/restructuring proceedings where the proceedings are collective and the jurisdiction is the company’s place of incorporation/COMI; recognition may be confined to the Appointment Order and limited powers necessary for the administrators to perform their functions in Hong Kong; the Singularis limits apply so the court will not give assistance that conflicts with domestic substantive law or attempt to enforce foreign scheme terms that th…