28 Jul 2025
RE GOLDEN WHEEL TIANDI HOLDINGS COMPANY LTD
- Citation
- [2025] HKCFI 3268
- Court
- Court of First Instance
- Case number
- HCMP2713/2024
The court sanctioned the Scheme because it served a permissible purpose, complied with the convening directions, achieved the statutory majorities, placed creditors properly in a single class given similarity of legal rights and materially superior recoveries to liquidation, provided sufficient information for creditors to make an informed decision, and contained narrowly tailored third party releases and modification protections; Hong Kong had sufficient connection to justify sanction despite foreign-law notes.