Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Nominee's duties
  • 6 Oct 2009

    RE FAN CHI WING

    Citation
    RE FAN CHI WING
    Court
    Court of First Instance
    Case number
    HCBI37/2009

    The court found the debtor had made full and frank disclosure material to creditors, the nominee had taken reasonable and proportionate steps to verify the key matters (assets/liabilities, implementation prospects, and fairness of voting/valuation) and the Amended Proposal was sufficiently serious and viable to warrant giving creditors the opportunity to vote; accordingly the court exercised its discretion to make an interim order to convene a creditors' meeting and extended the interim order to seven days after that meeting.