11 Nov 2020
RE ANDO CREDIT LTD
- Citation
- [2020] HKCFI 2775
- Court
- Court of First Instance
- Case number
- HCCW339/2020
The appointment of provisional liquidators was appropriate on the unopposed application and the court will include an express power permitting the provisional liquidators to make an application for recognition by the Shenzhen Bankruptcy Court, because Hong Kong courts have previously recognised and assisted Mainland insolvency proceedings where there is a close connection with Hong Kong and such recognition is necessary to enable recovery of assets or claims in the Mainland; the order therefore must explicitly authorise pursuit of Mainland recognition subject to the court's subsequent approva…