3 Mar 2023
RE GUOAN INTERNATIONAL LTD (in liquidation)
- Citation
- [2023] HKCFI 666
- Court
- Court of First Instance
- Case number
- HCCW453/2022
The court held the second core requirement was satisfied: despite a Cayman liquidation and a Recognition Order, the Recognition Order did not confer power to deal with or dispose assets in Hong Kong and only a Hong Kong winding up order would activate CWUO powers enabling liquidators to investigate, summon parties and realise assets for the benefit of creditors; accordingly an ancillary winding up order was made.