Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Unable to pay debts

Legal area

Court

27 Jul 2009

RE ASIA ALUMINUM MANUFACTURING CO LTD

Citation

RE ASIA ALUMINUM MANUFACTURING CO LTD
Court

Court of First Instance
Case number

HCCW165/2009

The court found on the evidence that each company was insolvent and unable to pay its debts as they fell due, that there was no bona fide dispute as to the debts, and that winding-up orders were therefore justified.
9 Dec 2002

RE ZHONG QUAN CHEUK KEI ENGINEERING CO. LTD.

Citation

RE ZHONG QUAN CHEUK KEI ENGINEERING CO. LTD.
Court

Court of First Instance
Case number

HCCW851/2002

Because the debt was undisputed and the statutory demand had been served, and because the company failed to secure a practicable settlement despite opportunities while the expected performance bond was insufficient to cover admitted debts, the court was obliged to make a winding-up order.