4 May 2023
RE ZPMC-RED BOX ENERGY SERVICES LTD
- Citation
- [2023] HKCFI 1207
- Court
- Court of First Instance
- Case number
- HCCW368/2021
The transfer was validated because the shares were fully paid, validation would not prejudice the Company's creditors, and the Arbitral Tribunal had ruled RBF entitled to the shares; there is no requirement that validation must confer a positive benefit on creditors.