Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Discharge of liquidators

Legal area

Court

4 Sept 2020

RE WAH FOOK HONG INTERNATIONAL CO LTD (“the Company”)

Citation

[2020] HKCFI 2362
Court

Court of First Instance
Case number

HCCW6/2018

Because the company satisfied the burden by showing creditors had been paid, the liquidators and Official Receiver reported no outstanding matters, and the proposed termination would not prejudice creditors or public interest per the Re The Grande Holdings Ltd factors, the court granted a permanent stay and discharged the liquidators.
24 Aug 2018

RE HONG KONG MERCANTILE EXCHANGE LTD

Citation

[2018] HKCFI 1986
Court

Court of First Instance
Case number

HCCW10/2014

Because the company's unsecured liabilities were compromised by a scheme of arrangement and the delay in completion had been resolved, the court found the established criteria for granting a permanent stay and discharging the liquidators were met and therefore ordered the stay and discharge.