13 Mar 1997
JENCO LTD. v. EASTERN FLOWER LTD. AND OTHERS
- Citation
- JENCO LTD. v. EASTERN FLOWER LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW631/1996
The court found a prima facie case for winding up based on a breakdown of mutual trust in a quasi‑partnership, and concluded the companys assets were put in jeopardy by unexplained transfers to Hung Wan Construction Company Limited for a high‑risk Shanghai project; proposed undertakings were inadequate, and therefore provisional liquidators should be appointed to protect the company and its creditors before determining further relief.