23 Sept 2024
THE JOINT AND SEVERAL LIQUIDATORS OF SHANGHAI HUAXIN GROUP (HONGKONG) LIMITED (IN LIQUIDATION) v. HUAINAN MINING INDUSTRY INTERNATIONAL LTD
- Citation
- [2024] HKCFI 2542
- Court
- Court of First Instance
- Case number
- HCMP180/2024
The Adjournment Summons was dismissed because the Court of Appeal's refusal of leave is final and non‑appealable, the stay in favour of arbitration was properly refused and should not be achieved by adjournment, the Respondent had adequate opportunity to file evidence under an unless order and did not justify additional leave, and on the facts the Deed was an undervalue transaction within s265D and accordingly is set aside.