30 Jun 2004
RE SOLAR TOUCH LTD
- Citation
- RE SOLAR TOUCH LTD
- Court
- Court of First Instance
- Case number
- HCCW1001/2003
The petition was dismissed because the company demonstrated a bona fide and substantial dispute as to the debt supported by contemporaneous documents and evidence that could not be summarily rejected; alternatively, even if no bona fide dispute existed, the court would refuse to exercise its s.327 discretion because the company lacked sufficient connection with Hong Kong and there was no reasonable possibility of benefit to the petitioner since the principal assets and effective remedies lay in the PRC where Hong Kong liquidators would not be recognised.