29 Apr 2016
YIDONG (HK) LTD v. CHAN KING MAN AND ANOTHER
- Citation
- YIDONG (HK) LTD v. CHAN KING MAN AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW425/2012
The court granted the stay because the applicant satisfied the burden under s209(1): creditors had been paid or debts novated, the restructuring would return the company to solvency, liquidation expenses were provided for, the liquidators and Official Receiver raised no objection, the stay served a sensible and discernible commercial purpose and benefited creditors and shareholders without offending public interest or commercial morality.