7 Jul 2003
CREDIT LYONNAIS CREDIT LYONNAIS v. SK GLOBAL HONG KONG LTD
- Citation
- CREDIT LYONNAIS CREDIT LYONNAIS v. SK GLOBAL HONG KONG LTD
- Court
- Court of Appeal
- Case number
- CACV179/2003
The appeal was allowed because a limited final extension of the stay to 21 July 2003 was justified: active restructuring negotiations involving domestic and foreign creditors were continuing, the extension would be limited and conditional and would cause no significant prejudice to the Plaintiff, and the judge below erred in treating the earlier stay as a single final opportunity that had been 'squandered'. The stay was therefore extended on the same conditions as the prior orders with liberty to apply.