6 Jun 2018
RE SHISEI (PNG) ENTERPRISES CO LTD
- Citation
- [2018] HKCFI 1535
- Court
- Court of First Instance
- Case number
- HCCW665/2009
The winding-up proceedings were stayed permanently on the applicants' undertaking to pay liquidators' fees of HK$205,000 within 14 days and to pay the Official Receiver's costs of HK$23,200 because there appeared to be no further outstanding liabilities, the liquidators confirmed no hidden liabilities, and there were genuine commercial reasons for the stay; the court accepted the parties' agreement on the ad valorem fee issue without resolving the legal question.