28 Jan 2005
FUJI PHOTO FILM CO LTD v. JAZZ PHOTO (HONG KONG) LTD
- Citation
- FUJI PHOTO FILM CO LTD v. JAZZ PHOTO (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCCW1165/2003
The Company is insolvent and unable to pay the unsatisfied US judgment; the petitioner is entitled to enforce the judgment by winding-up; allegations of ulterior motive, prejudice to US Chapter 11 proceedings or risk to the Imation Action were unsupported or speculative; accordingly the court must not exercise its discretion to refuse winding-up and must order compulsory winding-up.