Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Share buy-out orders

Legal area

Court

28 Nov 2017

MARRAKESH INVESTMENTS LTD v. TANGIERS HOLDINGS LTD AND ANOTHER

Citation

MARRAKESH INVESTMENTS LTD v. TANGIERS HOLDINGS LTD AND ANOTHER
Court

Court of First Instance
Case number

HCCW352/2016

The petitioner failed to plead why a winding-up order was necessary as an alternative to a buy-out and the conduct and pleadings indicated the petition was used as commercial pressure; the 1st respondent obtained the practical result it sought and therefore the court ordered the petitioner to pay the 1st respondent's costs on an indemnity basis with a certificate for two counsel.
23 Mar 2015

YUNG WOON KWAI AND ANOTHER v. YUNG YUI KWAI AND OTHERS

Citation

YUNG WOON KWAI AND ANOTHER v. YUNG YUI KWAI AND OTHERS
Court

Court of First Instance
Case number

HCMP2153/2009

The court struck out the winding‑up petitions against the foreign companies (CY Macao and CY Mauritius) for failure to plead and establish the required jurisdictional connection under s327 and concluded there was no reasonable prospect of establishing sufficient connection; the court also struck out winding‑up prayers in the five Hong Kong petitions because, on the evidence, there was no realistic prospect of a winding‑up order where buy‑out was the appropriate remedy and respondents could be expected to raise funds and be held to account; the amendment summons to substitute buy‑out relief fo…