28 Nov 2024
RE CHINA ELECTRONICS LEASING COMPANY LTD (in Liquidation in the Mainland of the People’s Republic of China)
- Citation
- [2024] HKCFI 3457
- Court
- Court of First Instance
- Case number
- HCMP1676/2024
The court recognised the Mainland liquidation and the Administrators because the proceedings were collective insolvency proceedings conducted where the company is incorporated and its COMI; despite unjustified delay and failure to approach the local bank, assistance was necessary in the creditors’ interests and the orders sought were consistent with Hong Kong law and public policy, so the specified powers were granted to the Administrators in Hong Kong.