Hong Kong Case Law: Decisions & Judgments

Topic

Debt-for-equity swap

Legal area

Court

6 Jan 2026

RE SUNAC CHINA HOLDINGS LTD

Citation

[2026] HKCFI 68
Court

Court of First Instance
Case number

HCMP729/2025

Applying the statutory tests and established authorities the Court found the Scheme to be for a permissible purpose, the Scheme Creditors were properly classified as a single class, the Convening Order and explanatory statement were sufficient under s.671(3), the required statutory majorities under s.674(1)(b) were achieved, an intelligent and honest creditor could reasonably approve the compromise given materially improved recoveries compared with liquidation, and there was credible expert evidence of a real prospect of effectiveness or recognition in the Mainland; no blot or impediment was…
29 Jun 2022

RE MOODY TECHNOLOGY HOLDINGS LTD

Citation

[2022] HKCFI 1992
Court

Court of First Instance
Case number

HCMP1072/2021

The Court sanctioned the scheme because it fulfilled the legal requirements: it had a permissible restructuring purpose, the unsecured creditors were properly constituted as a single class, the explanatory statement contained sufficient information, the statutory majorities were obtained, an intelligent and honest creditor could reasonably approve it, and there was a sufficient Hong Kong connection to make the scheme effective here.
20 Aug 2019

RE THE HONG KONG BUILDING AND LOAN AGENCY LTD

Citation

[2019] HKCFI 2088
Court

Court of First Instance
Case number

HCMP2268/2018

Applying established principles the court found the meeting was properly convened, creditors had sufficient information, the required statutory majorities were obtained, and the post-distribution amendments were minor or adequately notified so as not to prejudice creditors; accordingly the scheme was sanctioned.

Hong Kong Case Law

RE SUNAC CHINA HOLDINGS LTD

RE MOODY TECHNOLOGY HOLDINGS LTD

RE THE HONG KONG BUILDING AND LOAN AGENCY LTD