24 Mar 2021
SECURITIES AND FUTURES COMMISSION v. ADAMAS ASSET MANAGEMENT (HK) LTD
- Citation
- [2021] HKCFI 729
- Court
- Court of First Instance
- Case number
- HCCW88/2021
There was a strong prima facie case for winding up in the public interest under s.212 SFO because the company was paralysed after the death of its sole director, posed a real risk of unauthorised persons misrepresenting control and misusing records, and required protection of investors; accordingly the court continued the ex parte appointment of Chan Pui Sze and Mak Hau Yin as joint and several provisional liquidators pending determination of the petition to preserve records, protect investors and maintain the status quo.