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.