26 Mar 2025
RE SINO-OCEAN LAND (HONG KONG) LTD
- Citation
- [2025] HKCFI 1270
- Court
- Court of First Instance
- Case number
- HCMP1124/2024
The Scheme was sanctioned because it served the permissible purpose of restoring solvency, complied with convening directions, the Creditors formed a single class with materially identical rights and received sufficient information, requisite statutory majorities voted in favour, consent/work/adviser fees were modest and did not fracture the class, third-party releases were limited and carved out for serious misconduct, outstanding restructuring conditions were likely to be satisfied, and there was sufficient Hong Kong connection to justify sanction.