Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

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  • 6 Oct 2025

    RE ASTRON CORPORATION LTD

    Citation
    [2025] HKCFI 4659
    Court
    Court of First Instance
    Case number
    HCMP698/2025

    The Scheme was an "arrangement" within section 668 despite the Company's limited role because there was the requisite give and take between the Company and its members (principally the transfer of shares and issuance of Aus NewCo shares), the statutory convening and disclosure requirements were met, the requisite majorities under s674 were obtained, and an intelligent and honest member might reasonably approve; accordingly the Court exercised its discretion to sanction the Scheme and granted the order in the terms produced (with agreed amendments).

  • 26 Oct 2006

    RE HONG KONG CONSTRUCTION (Holdings) LTD

    Citation
    RE HONG KONG CONSTRUCTION (Holdings) LTD
    Court
    Court of First Instance
    Case number
    HCMP1256/2006

    The court sanctioned the Scheme and confirmed the reduction of capital because all statutory requirements were satisfied (proper class composition, duly convened meeting, adequate disclosure), the requisite statutory majority approved the Scheme, creditors were not prejudiced since issued and paid-up capital would be maintained and the reduction served a discernible and legitimate purpose integral to the Scheme.