28 Apr 2025
RE 上海昇奕科城实业有限公司 (in Liquidation in the Mainland of the People’s Republic of China)
- Citation
- [2025] HKCFI 1744
- Court
- Court of First Instance
- Case number
- HCMP298/2025
The court found all statutory and common‑law criteria for recognition and assistance were satisfied: the Mainland liquidation are collective insolvency proceedings conducted where the company's centre of main interests lies, assistance is necessary to enable the Administrator to secure and investigate Hong Kong assets (including preventing dissipation of at least USD60m), third parties refused to comply absent a recognition order, there was no undue delay, and the relief sought was consistent with Hong Kong law and public policy; accordingly the court recognised the liquidation and granted th…