15 Aug 2025
LEAD GOOD GROUP LTD v. CREDITLAND GROUP LTD AND OTHERS
- Citation
- [2025] HKCFI 3646
- Court
- Court of First Instance
- Case number
- HCCT2/2024
Because the BVI insolvency had not been recognised in Hong Kong and the creditors (including Lead Good) had not sought recognition, and because Royue failed to establish sharp conduct or undue prejudice beyond the inevitable priority conferred by a charging order, the court followed British Arab Commercial and OOO Nevskoe and held that an unrecognised foreign insolvency does not automatically prevent making a charging order absolute; accordingly the charging order absolute was upheld and the appeal dismissed.