2 Nov 2007
RE ZHU KUAN (HONG KONG) CO LTD
- Citation
- RE ZHU KUAN (HONG KONG) CO LTD
- Court
- Court of First Instance
- Case number
- HCCW875/2003
The court sanctioned the inter-conditional schemes and granted a permanent stay of the winding-up proceedings conditional on the schemes becoming effective because the schemes were properly constituted and approved by the requisite majorities, fully disclosed to the court, likely to produce a better and more certain recovery for creditors than continued cross-border litigation, and not contrary to the public interest; the Official Receiver raised no objection and the liquidators had completed necessary investigations.