31 Oct 2017
RE Z-OBEE HOLDINGS LTD
- Citation
- RE Z-OBEE HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP1563/2017
The Court held that s673(4) does not preclude a petition in these circumstances; the petition by Z‑Obee (acting by its Bermuda‑appointed provisional liquidators whose appointment was recognised) was competent under s673(3), Hong Kong had sufficient connection to the scheme (HK‑governed debts and listing), the statutory meeting and majority requirements were satisfied, and therefore the Court would sanction the scheme.