Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Security/undertaking
  • 2 Dec 2004

    RE YUEN CHAK CONSTRUCTION CO LTD

    Citation
    RE YUEN CHAK CONSTRUCTION CO LTD
    Court
    Court of First Instance
    Case number
    HCCW378/2004

    Adjournment refused and winding-up order made because the petitioner, as a judgment creditor, was prima facie entitled to the order; the Company had previously had a stay pending appeal refused and had not shown strong prospects of success or a reasonable excuse for non-attendance; the late undertaking and insufficient and outdated financial disclosure did not provide satisfactory security; supporting creditors would be prejudiced.