Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Restructuring plan

  • 2 Dec 2024

    STANDARD CHARTERED BANK (HONG KONG) LTD v. LEWIS PETER JOHN

    Citation
    [2024] HKDC 2030
    Court
    District Court
    Case number
    DCCJ5479/2021

    Plaintiff's application for summary judgment was properly constituted and established the indebtedness. Defendant failed to present credible evidence of a real or bona fide defence and his factual assertions (non‑agreement to terms, alleged waiver of interest, concluded restructuring plan, loss from account closure) were implausible or unsupported. The counterclaim disclosed no reasonable cause of action and was plainly unsustainable. Therefore summary judgment and striking out of the counterclaim were justified and the appeal was dismissed with costs to the plaintiff.

  • 3 Aug 2004

    RE JINRO (HK) INTERNATIONAL LTD

    Citation
    RE JINRO (HK) INTERNATIONAL LTD
    Court
    Court of First Instance
    Case number
    HCMP1503/2004

    The court sanctioned the Scheme because the statutory requisites were satisfied: the meeting was properly convened and informed, the Scheme Creditors formed a proper single class by reason of their dual recourse, the requisite majority voted in favour, Single Recourse Creditors were not detrimentally affected and the Scheme represented a commercially rational compromise that an intelligent and honest member of the class would reasonably approve.