14 Mar 2017
BCEG INTERNATIONAL CO., LTD. v. LIU XIU AND ANOTHER
- Citation
- BCEG INTERNATIONAL CO., LTD. v. LIU XIU AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP3219/2016
BCEG had standing as a creditor with a real interest and demonstrated reasonable grounds to doubt the incumbent liquidator's independence; balancing the competing interests of the sole shareholder and the (alleged) creditor, and given the concerns over impartiality, the court was justified under s252 and related authorities to remove the incumbent liquidator and appoint BCEG's nominated liquidators upon restoration; dissolution was declared void under s290.