SHEARMAN & STERLING (a firm) AND OTHERS v. ASIA-PAC INFRASTRUCTURE DEVELOPMENT LIMITED (in creditor’s voluntary liquidation) AND OTHERS
The Court of First Instance dismissed Shearman & Sterling’s summons to remove two liquidators, holding the plaintiffs lacked sufficient standing to seek that relief.
- Removal of liquidator
- Standing/locus standi
- Creditors' rights
- Fiduciary duties and conflicts of interest
- Voluntary liquidation
- Costs orders