14 Feb 2017
RE LEHMAN BROTHERS SECURITIES ASIA LTD (In Liquidation)
- Citation
- RE LEHMAN BROTHERS SECURITIES ASIA LTD (In Liquidation)
- Court
- Court of First Instance
- Case number
- HCMP2266/2016
The Court sanctioned the three Schemes because the statutory procedures were complied with, explanatory statements were sufficient to inform creditors, the single-class composition was justified by creditors' common interest in avoiding litigation and achieving an expedient distribution, and the statutory majorities required by the Companies Ordinance voted in favour; accordingly the Schemes are ones that an intelligent and honest member might reasonably approve.