2 Mar 1992
RE BCCI FINANCE INTERNATIONAL LTD.
- Citation
- RE BCCI FINANCE INTERNATIONAL LTD.
- Court
- Court of First Instance
- Case number
- HCCW218/1991
Because substantial unrecorded liabilities had arisen (in excess of HK$2 billion) and no adequate guarantee from the majority shareholder/government was available, sale as a going concern was no longer practicable and, in the absence of any viable alternative proposals from creditors, it was in the public interest and in the best interests of depositors and creditors to order the compulsory winding up of both companies with costs.